Rice Museum

Analysis

Rice Museum is a registered charity in United States, based in Georgetown, 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 June 2024, Rice Museum reported income of $153k and spending of $154k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $176k to $153k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rice Museum sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Shotgun Cinema ($153k), Reclam the Bay Inc ($153k) and Thousand Oaks Philharmonic ($153k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $36k (23% of expenses). Other salaries and wages came to $40k. At year end it held assets of $336k against liabilities of $42k, net assets of $294k. It reported 10 employees.