Holston Mountain Arts and Crafts

Analysis

Holston Mountain Arts and Crafts is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in February 1974, 52 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 December 2023, Holston Mountain Arts and Crafts reported income of $54k and spending of $69k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $54k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holston Mountain Arts and Crafts sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Paxton Theatre ($54k), San Diego Bonsai Club ($54k) and Falcon Playhouse Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $89k against liabilities of $9,562, net assets of $80k.