American Association of Woodturners

Analysis

American Association of Woodturners is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, American Association of Woodturners reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.0m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Association of Woodturners 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 85th percentile within MN. Charities of a similar size with the same main cause include Bos Place ($2.0m), Greater Philadelphia Falun Dafa Association ($2.0m) and Aurora Theatre Company ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $134k (7.8% of expenses). Other salaries and wages came to $234k. At year end it held assets of $2.5m against liabilities of $739k, net assets of $1.7m. It reported 6 employees.