Southern Highland Handicraft Guild Inc

Analysis

Southern Highland Handicraft Guild Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 1967, 59 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, Southern Highland Handicraft Guild Inc reported income of $2.1m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.1m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Highland Handicraft Guild Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Maryland Theatre Association Inc ($2.1m), Culture Aid Nola ($2.1m) and Whitemarsh Community Art Center ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 14% of the total. Other salaries and wages came to $847k. At year end it held assets of $7.7m against liabilities of $147k, net assets of $7.5m. It reported 57 employees.