Crafton Childrens Corner

Analysis

Crafton Childrens Corner is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 August 2022, Crafton Childrens Corner reported income of $2.4m and spending of $1.8m, leaving 22% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $1.4m to $2.4m (+74%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crafton Childrens Corner sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Broken Shackle Ranch Inc ($2.3m), Disability Rights New Mexico ($2.4m) and Association of Jesuit Colleges and Universities ($2.3m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $77k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $695k against liabilities of $113k, net assets of $582k. It reported 57 employees.