American Quilt Study Group

Analysis

American Quilt Study Group is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Quilt Study Group reported income of $525k and spending of $450k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $525k (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Quilt Study Group sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NE. Charities of a similar size with the same main cause include P R I D E Booster Club Inc Paul Revere Middle School ($525k), Gulf Coast Conference ($525k) and California Black Chamber of Commerce Foundation Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 39% of the total. Other salaries and wages came to $132k. At year end it held assets of $935k against liabilities of $42k, net assets of $893k. It reported 2 employees.