Handweavers Guild of America Inc

Analysis

Handweavers Guild of America Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1977, 49 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 March 2023, Handweavers Guild of America Inc reported income of $1.2m and spending of $969k, leaving 21% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $938k to $1.2m (+31%), an average of +7.0% a year. The sharpest change came in the year to March 2023, when income rose by 157%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Handweavers Guild of America Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Citizen Action of Wisconsin Education Fund Inc ($1.2m), Indiana Destination Development Foundation Inc ($1.2m) and Bond County Senior Citizens Center ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $300k. At year end it held assets of $724k against liabilities of $16k, net assets of $708k. It reported 8 employees.