Academy of Craft Training

Analysis

Academy of Craft Training is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 2016, 10 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 (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, Academy of Craft Training reported income of $4.7m and spending of $2.8m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $885k to $4.7m (+427%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Academy of Craft Training sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Somerville Community Corporation Inc ($4.7m), Community Workshops Inc ($4.7m) and Two Ten Footwear Foundation Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.6m against liabilities of $131k, net assets of $2.5m. It reported 19 employees.