Handi-Crafters Inc

Analysis

Handi-Crafters Inc is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in November 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Handi-Crafters Inc reported income of $8.9m and spending of $8.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $8.9m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Handi-Crafters Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Ogden-Weber Community Action Partnership Inc ($8.9m), The Mosaic Foundation ($8.9m) and Beloved Ones ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $118k (1.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $8.7m against liabilities of $856k, net assets of $7.8m. It reported 331 employees.