Community Museum Society Inc

Analysis

Community Museum Society Inc is a registered charity in United States, based in Lake City, SC. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Community Museum Society Inc reported income of $365k and spending of $393k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $380k to $365k (-4.0%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Museum Society Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include No Label Media Group Inc ($365k), Farrington Historical Foundation ($365k) and Operalex Inc ($365k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $107k. At year end it held assets of $2.8m against liabilities of $2.7m, net assets of $33k. It reported 1 employees.