Handweaving Museum and Arts Center

Analysis

Handweaving Museum and Arts Center is a registered charity in United States, based in Clayton, NY. It received its IRS tax-exemption ruling in January 1984, 42 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, Handweaving Museum and Arts Center reported income of $414k and spending of $376k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $414k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 18%. 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, Handweaving Museum and Arts Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Ujima Mens Collective ($414k), Cultural Heritage Imaging ($414k) and Ancram Opera House Theater Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $135k. At year end it held assets of $662k against liabilities of $23k, net assets of $639k. It reported 7 employees.