Textile Conservation Workshop Inc

Analysis

Textile Conservation Workshop Inc is a registered charity in United States, based in South Salem, NY. It received its IRS tax-exemption ruling in January 1978, 48 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 August 2024, Textile Conservation Workshop Inc reported income of $529k and spending of $470k, spending 89% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $495k to $529k (+7.0%), an average of +1.4% a year. The sharpest change came in the year to August 2023, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Textile Conservation Workshop Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Georgia Police K9 Foundation Inc ($529k), Friends of Lincoln Inc ($529k) and New Haven Scholarship Fund Inc ($529k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.0% and program service revenue 72% of the total. Other salaries and wages came to $251k. At year end it held assets of $1.8m against liabilities of $52k, net assets of $1.7m. It reported 5 employees.