Brookfield Craft Center Inc

Analysis

Brookfield Craft Center Inc is a registered charity in United States, based in Brookfield, CT. It received its IRS tax-exemption ruling in April 1957, 69 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 December 2023, Brookfield Craft Center Inc reported income of $658k and spending of $541k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $658k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brookfield Craft Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Pinnacle High Booster Club Inc ($658k), Historical Society of Frederick County Inc ($659k) and Ross Valley Players ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 46% of the total. Other salaries and wages came to $140k. At year end it held assets of $1.5m against liabilities of $693k, net assets of $819k.