Raw Art Works Inc

Analysis

Raw Art Works Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2023, Raw Art Works Inc reported income of $2.9m and spending of $2.9m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.3m to $2.9m (-32%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raw Art Works Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Michigan Rural Water Association ($2.9m), Habitat for Humanity International Inc ($2.9m) and Bank Information Center ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $128k (4.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $10.6m against liabilities of $1.1m, net assets of $9.5m. It reported 65 employees.