Sew N Sew Fiber Arts Inc

Analysis

Sew N Sew Fiber Arts Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in July 2016, 10 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, Sew N Sew Fiber Arts Inc reported income of $57k and spending of $54k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $57k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sew N Sew Fiber Arts Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Midland Community Concerts Association ($57k), Portfish Ltd ($57k) and Aurea ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 32% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.