Friends of Craft Inc

Analysis

Friends of Craft Inc is a registered charity in United States, based in Gosport, IN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover social science, 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 2024, Friends of Craft Inc reported income of $2.0m and spending of $1.1m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $626k to $2.0m (+214%), an average of +33% a year. The sharpest change came in the year to June 2022, when income dropped by 103%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Craft Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Granbury Theatre Company Inc ($2.0m), Young Audiences-New York Inc ($2.0m) and Mathematical Sciences Publishers ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $255k. At year end it held assets of $12.5m against liabilities of $28k, net assets of $12.5m. It reported 5 employees.