South Carolina National Heritage Corridor

Analysis

South Carolina National Heritage Corridor is a registered charity in United States, based in Belton, SC. It received its IRS tax-exemption ruling in March 1998, 28 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 2023, South Carolina National Heritage Corridor reported income of $1.2m and spending of $917k, leaving 24% of income unspent that year. Across the 5 years on record, from October 2019 to December 2023, income grew from $649k to $1.2m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina National Heritage Corridor sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Blues Foundation Inc ($1.2m), Pottery Northwest ($1.2m) and Opening Act Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $210k. At year end it held assets of $522k against liabilities of $99k, net assets of $423k. It reported 5 employees.