Swift Museum Foundation Inc

Analysis

Swift Museum Foundation Inc is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in January 1980, 46 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, Swift Museum Foundation Inc reported income of $240k and spending of $136k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $460k to $240k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swift Museum Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Friends of John Slade Ely House of Contemporary Art ($240k), Milwaukee Jazz Institute Inc ($241k) and Campbell Learning Center Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $35k (26% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.9m against liabilities of $1,866, net assets of $1.9m. It reported 2 employees.