Touchstone Center for Crafts

Analysis

Touchstone Center for Crafts is a registered charity in United States, based in Farmington, PA. It received its IRS tax-exemption ruling in February 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 (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, Touchstone Center for Crafts reported income of $773k and spending of $1.2m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $773k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Touchstone Center for Crafts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Sadie Collective ($773k), Saint Luke Productions ($773k) and North American Invasive Species Mangement Association ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $92k (7.7% of expenses). Other salaries and wages came to $306k. At year end it held assets of $4.5m against liabilities of $505k, net assets of $4.0m. It reported 19 employees.