Xerocraft

Analysis

Xerocraft is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Xerocraft reported income of $92k and spending of $90k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $92k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Xerocraft sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within AZ. Charities of a similar size with the same main cause include On Our Own III Inc ($92k), Thrive Sequatchie ($92k) and Fairbank Development Corporation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 11% of the total. At year end it held assets of $62k against liabilities of $378, net assets of $62k.