Petersham Craft Center

Analysis

Petersham Craft Center is a registered charity in United States, based in Petersham, MA. It received its IRS tax-exemption ruling in November 1967, 59 years ago. 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 December 2023, Petersham Craft Center reported income of $51k and spending of $29k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $51k (+8.9%), an average of +8.9% a year. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Petersham Craft Center sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include St Josephs School for the Deaf Chil Drens Fund ($51k), PTA North Carolina Congress ($51k) and Norwood Parents Music Association Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 66% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.