Parts and Crafts Inc

Analysis

Parts and Crafts Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2022, Parts and Crafts Inc reported income of $303k and spending of $407k, spending 134% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income fell from $510k to $303k (-41%), an average of -16% a year. The sharpest change came in the year to August 2021, when income dropped by 18%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parts and Crafts Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Incubator Kitchen Collective Co ($303k), Angels Hands Foundation Inc ($303k) and Community Day Care Association Inc ($303k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $202k. At year end it held assets of $103k against liabilities of $80k, net assets of $23k. It reported 19 employees.