American Needlepoint Guild Inc

Analysis

American Needlepoint Guild Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in October 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, American Needlepoint Guild Inc reported income of $931k and spending of $841k, spending 90% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $994k to $931k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to April 2023, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Needlepoint Guild Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Christ Church Preservation Trust ($930k), Centre for the Arts at Mizner Park Inc ($931k) and Garry Marshall Theatre ($930k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. At year end it held assets of $1.6m against liabilities of $504k, net assets of $1.1m.