Attic Incorporated

Analysis

Attic Incorporated is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Attic Incorporated reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.4m (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Attic Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include San Diego Center for the Blind ($1.4m), Virginia Lutheran Homes Home Care Inc ($1.4m) and The Literacy Project Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $121k (9.8% of expenses). Other salaries and wages came to $647k. At year end it held assets of $1.0m against liabilities of $46k, net assets of $983k. It reported 53 employees.