Arrowmont School of Arts and Crafts

Analysis

Arrowmont School of Arts and Crafts is a registered charity in United States, based in Gatlinburg, TN. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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 December 2023, Arrowmont School of Arts and Crafts reported income of $5.9m and spending of $6.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.8m to $5.9m (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arrowmont School of Arts and Crafts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Galapagos Conservancy Inc ($5.9m), The Bradley Home ($5.9m) and Heineman-Robicsek Foundation Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $317k (5.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $52.4m against liabilities of $426k, net assets of $51.9m. It reported 62 employees.