Artisans Asylum Inc

Analysis

Artisans Asylum Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Artisans Asylum Inc reported income of $1.4m and spending of $2.2m, spending 160% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.4m to $1.4m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Artisans Asylum Inc 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 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Growing Tree Childrens Center Inc ($1.4m), Outside Las Vegas Foundation ($1.4m) and Deming-Luna County Commission on Aging Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 72% of the total. Other salaries and wages came to $315k. At year end it held assets of $12.4m against liabilities of $13.1m, net assets of -$700k. It reported 25 employees.