Craft Emergency Relief Fund Inc

Analysis

Craft Emergency Relief Fund Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Craft Emergency Relief Fund Inc reported income of $2.0m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2020, when income rose by 92%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Craft Emergency Relief Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Stoughton Hospital Foundation Inc ($2.0m), Burridge D Butler Memorial TR of Chicago ($2.0m) and Meuse Family Foundation ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $229k (11% of expenses). Other salaries and wages came to $439k. At year end it held assets of $3.8m against liabilities of $78k, net assets of $3.7m. It reported 9 employees.