The Center for Craft Creativity & Design Inc

Analysis

The Center for Craft Creativity & Design Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Center for Craft Creativity & Design Inc reported income of $1.9m and spending of $2.5m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.5m to $1.9m (-77%), an average of -31% a year. The sharpest change came in the year to June 2020, when income dropped by 72%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Center for Craft Creativity & Design Inc sits at the 91st percentile: it is larger than about 91% 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 The Rabbit Hole KC ($1.9m), Art Culture and Entertainment Inc ($1.9m) and Discovery Center of Idaho Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $164k (6.5% of expenses). Other salaries and wages came to $549k. At year end it held assets of $15.2m against liabilities of $84k, net assets of $15.1m. It reported 23 employees.