Damascus Fiber Arts School

Analysis

Damascus Fiber Arts School is a registered charity in United States, based in Damascus, OR. It received its IRS tax-exemption ruling in May 2021, 5 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 August 2024, Damascus Fiber Arts School reported income of $70k and spending of $46k, leaving 34% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $61k to $70k (+14%), an average of +14% a year. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Damascus Fiber Arts School sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OR. Charities of a similar size with the same main cause include Brewery Artwalk Association ($70k), Arts Council of Chester County ($70k) and McTeggart Irish Dancers of South Texas ($70k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 6.4% and program service revenue 87% of the total. At year end it held assets of $110k against liabilities of $1,184, net assets of $109k.