Tennessee Association of Craft Artists

Analysis

Tennessee Association of Craft Artists is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1979, 47 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 June 2024, Tennessee Association of Craft Artists reported income of $571k and spending of $586k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $375k to $571k (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 39%. 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, Tennessee Association of Craft Artists sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Black Men United ($571k), The Fischoff National Chamber Music Association Inc ($571k) and Unity Theatre Company ($571k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). Other salaries and wages came to $134k. At year end it held assets of $401k against liabilities of $26k, net assets of $375k. It reported 5 employees.