Peters Valley Craft Center Inc

Analysis

Peters Valley Craft Center Inc is a registered charity in United States, based in Layton, NJ. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Peters Valley Craft Center Inc reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.6m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 91%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Peters Valley Craft Center Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Lower Polk Community Benefit District ($1.6m), Pennsylvania State Association of County Fairs ($1.6m) and Pine Bluff Jefferson County Economic Opportunities Commission ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $592k. At year end it held assets of $786k against liabilities of $310k, net assets of $476k. It reported 20 employees.