Society for Art in Crafts

Analysis

Society for Art in Crafts is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Society for Art in Crafts reported income of $1.7m and spending of $1.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.0m to $1.7m (-58%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 69%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Art in 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 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include GS Housing Incorporated ($1.7m), Boy Scouts of America ($1.7m) and Regular Baptist Fellowship Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $105k (8.5% of expenses). Other salaries and wages came to $487k. At year end it held assets of $9.0m against liabilities of $1.1m, net assets of $8.0m. It reported 20 employees.