The Society of Arts and Crafts

Analysis

The Society of Arts and Crafts is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in January 1952, 74 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 January 2024, The Society of Arts and Crafts reported income of $187k and spending of $346k, spending 185% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $1.1m to $187k (-83%), an average of -36% a year. The sharpest change came in the year to January 2021, when income dropped by 222%. Over the whole period it spent 269% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Society of Arts and Crafts sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Harmony Project Hudson Inc ($187k), Summersville Publishing Enthusiasts ($187k) and Western States Communication Association Inc ($187k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Other salaries and wages came to $136k. At year end it held assets of $362k against liabilities of $23k, net assets of $339k. It reported 7 employees.