Handicraft Club Inc

Analysis

Handicraft Club Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Handicraft Club Inc reported income of $412k and spending of $522k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $412k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Handicraft Club Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Florida Water Resources Journal Inc ($412k), Democratic Socialists of America Fund Inc ($412k) and Community Theatre of Terre Haute Inc ($412k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 23% of the total. Other salaries and wages came to $114k. At year end it held assets of $9.4m against liabilities of $102k, net assets of $9.3m. It reported 3 employees.