Museum of Early Trades and Crafts

Analysis

Museum of Early Trades and Crafts is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in May 1970, 56 years ago. 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 December 2023, Museum of Early Trades and Crafts reported income of $717k and spending of $846k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $717k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museum of Early Trades and Crafts sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Teton Housing Corporation ($716k), Bong P-38 Fund Incorporated ($717k) and The Foundation for NC A&t State Uni Versi ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $87k (10% of expenses). Other salaries and wages came to $267k. At year end it held assets of $12.5m against liabilities of $295k, net assets of $12.3m. It reported 17 employees.