American Craft Council

Analysis

American Craft Council is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, American Craft Council reported income of $3.9m and spending of $4.5m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.9m to $3.9m (-19%), an average of -5.2% a year. The sharpest change came in the year to September 2020, when income dropped by 29%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Craft Council sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Montgomery Comm Television Inc ($3.9m), Bluecoats Drum and Bugle Corps ($3.9m) and Community Center for the Arts ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $217k (4.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.1m against liabilities of $888k, net assets of $4.2m. It reported 29 employees.