Loris Historical Society Archives Libraries & Museum

Analysis

Loris Historical Society Archives Libraries & Museum is a registered charity in United States, based in Loris, SC. It received its IRS tax-exemption ruling in December 2019, 7 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, Loris Historical Society Archives Libraries & Museum reported income of $62k and spending of $36k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,275 to $62k (+891%), an average of +77% a year. The sharpest change came in the year to December 2020, when income rose by 405%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loris Historical Society Archives Libraries & Museum sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Ohio Foundation for Music Education ($62k), Versailles Area Historical Society Inc ($62k) and Roustabout Theater Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $62k, net assets of $30k.