Craft3 Future Energy Fund

Analysis

Craft3 Future Energy Fund is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in January 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Craft3 Future Energy Fund reported income of $405k and spending of $12k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $405k (+402%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 17% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Craft3 Future Energy Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Ironworkers Joint Apprentice Fund ($405k), Montgomery Area Chamber of Commerce Foundation Inc ($406k) and Jeffersonville Urban Enterprise Association Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $6.1m against liabilities of $1,178, net assets of $6.1m.