McDowell Arts and Crafts Association

Analysis

McDowell Arts and Crafts Association is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in June 1981, 45 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, McDowell Arts and Crafts Association reported income of $147k and spending of $193k, spending 131% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $109k to $147k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McDowell Arts and Crafts Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Attic Productions Inc ($147k), National Society of the Daughters of the American Revolution ($147k) and Sanskriti Inc ($147k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.