Tryon Arts and Crafts Inc

Analysis

Tryon Arts and Crafts Inc is a registered charity in United States, based in Tryon, 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, Tryon Arts and Crafts Inc reported income of $456k and spending of $353k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $456k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tryon Arts and Crafts Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Lane County Historical Society ($456k), Omega Point Institute ($456k) and Spanish Danzart Society ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. Other salaries and wages came to $137k. At year end it held assets of $865k against liabilities of $19k, net assets of $846k. It reported 3 employees.