Craft in America Inc

Analysis

Craft in America Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2004, 22 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, Craft in America Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.8m to $1.9m (+8.0%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Craft in America Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Vindex Media ($1.9m), Putnam Foundation ($1.9m) and Merrimack Repertory Theatre ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $664k. At year end it held assets of $993k against liabilities of $14k, net assets of $979k. It reported 25 employees.