Craft Lake City

Analysis

Craft Lake City is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Craft Lake City reported income of $794k and spending of $900k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $794k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Craft Lake City sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within UT. Charities of a similar size with the same main cause include Houston Heights Association ($794k), Daughters of Hawaii ($794k) and Guam Humanities Council Inc ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $65k (7.2% of expenses). Other salaries and wages came to $34k. At year end it held assets of $270k against liabilities of $5,718, net assets of $264k. It reported 1 employees.