Laurens County Museum Association

Analysis

Laurens County Museum Association is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in August 2005, 21 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, Laurens County Museum Association reported income of $229k and spending of $249k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $229k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laurens County Museum Association sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Gilbert and Sullivan Society of San ($229k), North Carolina Presenters Consortium ($229k) and Positive Street Art ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $10k (4.0% of expenses). Other salaries and wages came to $51k. At year end it held assets of $2.0m against liabilities of $19k, net assets of $2.0m. It reported 7 employees.