Smocking Arts Guild of America Inc

Analysis

Smocking Arts Guild of America Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Smocking Arts Guild of America Inc reported income of $251k and spending of $228k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $251k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smocking Arts Guild of America Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Columbia Childrens Museum ($251k), The Opera League of Los Angeles ($251k) and Roadwork Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. At year end it held assets of $542k against liabilities of $122k, net assets of $419k.