Fuller Craft Museum Inc

Analysis

Fuller Craft Museum Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in September 2005, 21 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 June 2023, Fuller Craft Museum Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fuller Craft Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include American String Teachers Association Incorporated ($1.6m), Milagro Foundation Inc ($1.6m) and Arts Club of Washington ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $130k (8.3% of expenses). Other salaries and wages came to $630k. At year end it held assets of $10.2m against liabilities of $83k, net assets of $10.2m. It reported 34 employees.