SWC Museum Corp

Analysis

SWC Museum Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2001, 25 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 2023, SWC Museum Corp reported income of $19.4m and spending of $6.1m, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.1m to $19.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income rose by 160%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, SWC Museum Corp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Colorado Symphony Association ($19.4m), Film Independent Inc ($19.4m) and Ordway Center for the Performing Arts ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $207.4m against liabilities of $44.0m, net assets of $163.4m.