Handcrafts Unlimited

Analysis

Handcrafts Unlimited is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Handcrafts Unlimited reported income of $128k and spending of $137k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $128k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Handcrafts Unlimited sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Justlead Washington ($128k), Grow Centerville ($128k) and Payette Lakes Community Association Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $243k against liabilities of $15k, net assets of $229k.