The Fabric Workshop and Museum

Analysis

The Fabric Workshop and Museum is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Fabric Workshop and Museum reported income of $2.7m and spending of $3.1m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $2.7m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Fabric Workshop and Museum 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 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Acra Local 725 Joint Apprenticeship and Training Committee Trust ($2.7m), Klamath Works Inc ($2.7m) and Resolution Project Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $168k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.3m against liabilities of $233k, net assets of $4.1m. It reported 62 employees.