Praxis Integrated Fiber Workshop

Analysis

Praxis Integrated Fiber Workshop is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2015, 11 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, Praxis Integrated Fiber Workshop reported income of $329k and spending of $358k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $329k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Praxis Integrated Fiber Workshop sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Biographers International Organization Foundation ($329k), Museum of Teaching and Learning Motal ($329k) and Sonoma Earth School ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $80k (22% of expenses). Other salaries and wages came to $104k. At year end it held assets of $171k against liabilities of $85k, net assets of $86k. It reported 8 employees.