Industrial Arts Workshop Inc

Analysis

Industrial Arts Workshop Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Industrial Arts Workshop Inc reported income of $608k and spending of $488k, spending 80% of its income. Across the 3 years on record, from December 2021 to June 2023, income grew from $521k to $608k (+17%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Industrial Arts Workshop Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include The@museum of Information Explosion ($608k), Chamber Dance Project ($608k) and Western History Association ($608k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $56k (11% of expenses). Other salaries and wages came to $153k. It paid $24k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $158k, net assets of $983k. It reported 9 employees.