Paperweight Collectors Association Inc

Analysis

Paperweight Collectors Association Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Paperweight Collectors Association Inc reported income of $112k and spending of $114k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2024, income fell from $116k to $112k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to September 2024, when income rose by 108%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paperweight Collectors Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include New Perspectives Theatre Company Inc ($112k), Greater Shenandoah Historical Society ($112k) and Capital Classics Inc ($112k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 23% and program service revenue 71% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.