Arts & Scraps

Analysis

Arts & Scraps is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1989, 37 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, Arts & Scraps reported income of $474k and spending of $545k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $637k to $474k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts & Scraps sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Volunteers of America Inc ($474k), South Carolina Cancer Alliance ($474k) and U S a Shin Yat Tong Moral Society Inc ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $56k (10% of expenses). Other salaries and wages came to $274k. At year end it held assets of $325k against liabilities of $156k, net assets of $169k. It reported 27 employees.