Worcester Center for Crafts Inc

Analysis

Worcester Center for Crafts Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1926, 100 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, Worcester Center for Crafts Inc reported income of $1.2m and spending of $850k, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $647k to $1.2m (+93%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Center for Crafts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Ball & Socket Arts Inc ($1.2m), Corvallis Arts Center Inc ($1.2m) and International Radio and Television ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 47% of the total. Other salaries and wages came to $324k. At year end it held assets of $2.9m against liabilities of $190k, net assets of $2.7m. It reported 39 employees.