Craftsmens Guild of Mississippi Inc

Analysis

Craftsmens Guild of Mississippi Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in October 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 2023, Craftsmens Guild of Mississippi Inc reported income of $290k and spending of $264k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $610k to $290k (-52%), an average of -22% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. 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, Craftsmens Guild of Mississippi Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within MS. Charities of a similar size with the same main cause include Westborough TV Inc ($290k), Pari Kaloust Foundation Inc ($290k) and Margaret Jenkins Dance Studio Inc ($290k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $47k. At year end it held assets of $181k against liabilities of $34k, net assets of $147k. It reported 5 employees.