Craftstudies Inc

Analysis

Craftstudies Inc is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in December 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Craftstudies Inc reported income of $342k and spending of $308k, spending 90% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $239k to $342k (+43%), an average of +9.4% a year. The sharpest change came in the year to March 2022, when income rose by 679%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Craftstudies Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Giants of the Earth Heritage Center ($342k), Kings Heralds Inc ($343k) and Camden Repertory Theater Community Development Group ($342k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 27% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $80k (26% of expenses). Other salaries and wages came to $72k. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.0m. It reported 30 employees.