Stove Works

Analysis

Stove Works is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 2018, 8 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 (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, Stove Works reported income of $269k and spending of $251k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $269k (+4.0%), an average of +2.0% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stove Works sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include A Blade of Grass Fund ($269k), The Performance Project Inc ($269k) and German School Association of San Francisco ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $6,000 (2.4% of expenses). Other salaries and wages came to $82k. At year end it held assets of $262k against liabilities of $63k, net assets of $199k. It reported 4 employees.