Fabric Tempe

Analysis

Fabric Tempe is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in October 2022, 4 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, Fabric Tempe reported income of $569k and spending of $661k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $639k to $569k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fabric Tempe 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 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Excellence in the Community Inc ($569k), Allegany Arts Council Inc ($569k) and Art Production Fund Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $121k (18% of expenses). Other salaries and wages came to $282k. At year end it held assets of $90k against liabilities of $190k, net assets of -$99k. It reported 30 employees.