Craft Training Employment

Analysis

Craft Training Employment is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2020, 6 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, Craft Training Employment reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $1.1m (+164%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Craft Training Employment sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Sheet Metal Workers & Tri Cty Air Cond & SHT Mt Contr Joint TR Fund ($1.1m), Sheboygan County Economic Development Corporation Foundation ($1.1m) and Mesa Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $731k. At year end it held assets of $328k against liabilities of $105k, net assets of $223k. It reported 358 employees.