American Craft Council
American Craft Council faces recurring operational deficits despite strong program spending and no reported officer compensation.
EIN: 131566058 · Minneapolis, MN · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $4.5M |
| Program Spending | 75% |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is American Craft Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Craft Council directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Craft Council
American Craft Council (EIN: 131566058) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A400. The organization reported total revenue of $4.8M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Craft Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Craft Council is a mid-size nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-587,680 |
| Total Assets | $5.1M |
| Total Liabilities | $888K |
| Net Assets | $4.2M |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, American Craft Council reported a deficit of $588K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Craft Council's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +17.2% | -10.6% |
| 2022 | +22.1% | +26.0% | -16.7% |
| 2021 | -9.7% | -36.1% | +17.1% |
| 2020 | -28.8% | -9.8% | -13.1% |
| 2019 | -8.6% | -3.4% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Craft Council with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, American Craft Council allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $588K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
The American Craft Council consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led executive structure or that compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Craft Council's IRS 990 filings:
- Consistent operational deficits (e.g., $587,680 in 202309, $39,805 in 202209)
- Declining asset base over the past decade (from $7,986,128 in 201409 to $5,119,966 in 202309)
- Unusual 0% reported officer compensation for an organization of this scale, which might indicate compensation is reported elsewhere or a unique executive structure.
Strengths
The following positive indicators were identified for American Craft Council:
- Strong program spending ratio (75% of expenses in 202309)
- Consistent transparency with regular IRS 990 filings
- Manageable liabilities relative to assets (e.g., $888,248 liabilities vs. $5,119,966 assets in 202309)
- Clear mission focus as indicated by NTEE code A400 (Arts, Culture, Humanities - Arts & Culture)
Frequently Asked Questions about American Craft Council
Is American Craft Council a legitimate charity?
Based on AI analysis of IRS 990 filings, American Craft Council (EIN: 131566058) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does American Craft Council spend its money?
American Craft Council directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Craft Council tax-deductible?
American Craft Council is registered as a tax-exempt nonprofit (EIN: 131566058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Craft Council's spending goes to programs?
American Craft Council directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Craft Council compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), American Craft Council is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Craft Council located?
American Craft Council is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 131566058. It is classified under NTEE code A400.
How many years of IRS 990 filings does American Craft Council have?
American Craft Council has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.8M in total revenue.
Is American Craft Council a good charity?
Based on its strong program spending (75% of expenses in 202309) and consistent transparency with 0% reported officer compensation, the American Craft Council appears to be an effective charity in terms of mission delivery and accountability. However, its recurring operational deficits and declining asset base warrant attention for long-term sustainability.
Why are assets declining?
The organization's assets have declined from $7,986,128 in 201409 to $5,119,966 in 202309. This decline is likely influenced by the consistent operational deficits where expenses have exceeded revenue in most recent years, requiring the organization to draw from its reserves or investments.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally decreased from a high of $6,112,151 in 201609 to $3,924,275 in 202309. Expenses have also decreased but have consistently outpaced revenue in recent periods, leading to deficits such as $587,680 in 202309 and $39,805 in 202209.
Filing History
IRS 990 filing history for American Craft Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Craft Council's revenue has declined by 20.4%, moving from $4.9M to $3.9M. Total assets decreased by 17.8% over the same period, from $6.2M to $5.1M. Total functional expenses fell by 2.8%, from $4.6M to $4.5M. In its most recent filing year (2023), American Craft Council reported a deficit of $588K, with expenses exceeding revenue. The organization holds $888K in liabilities against $5.1M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $4.5M | $5.1M | $888K | — | — |
| 2022 | $3.8M | $3.8M | $5.7M | $1.1M | — | View 990 |
| 2021 | $3.1M | $3.1M | $6.9M | $838K | — | View 990 |
| 2020 | $3.5M | $4.8M | $5.9M | $797K | — | View 990 |
| 2019 | $4.9M | $5.3M | $6.8M | $493K | — | View 990 |
| 2018 | $5.3M | $5.5M | $7.5M | $490K | — | View 990 |
| 2017 | $5.5M | $5.7M | $7.6M | $457K | — | View 990 |
| 2016 | $6.1M | $5.5M | $7.7M | $556K | — | View 990 |
| 2015 | $5.2M | $5.9M | $7.0M | $670K | — | View 990 |
| 2014 | $5.9M | $5.4M | $8.0M | $636K | — | View 990 |
| 2013 | $4.8M | $5.1M | $7.3M | $673K | — | View 990 |
| 2012 | $5.4M | $5.1M | $7.1M | $651K | — | View 990 |
| 2011 | $4.9M | $4.6M | $6.2M | $604K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $4.5M, and assets of $5.1M (revenue +3.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.8M, and assets of $5.7M (revenue +22.1% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.1M, and assets of $6.9M (revenue -9.7% year-over-year).
- 2020: Revenue of $3.5M, expenses of $4.8M, and assets of $5.9M (revenue -28.8% year-over-year).
- 2019: Revenue of $4.9M, expenses of $5.3M, and assets of $6.8M (revenue -8.6% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.5M, and assets of $7.5M (revenue -3.4% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.7M, and assets of $7.6M (revenue -10.1% year-over-year).
- 2016: Revenue of $6.1M, expenses of $5.5M, and assets of $7.7M (revenue +17.9% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.9M, and assets of $7.0M (revenue -11.8% year-over-year).
- 2014: Revenue of $5.9M, expenses of $5.4M, and assets of $8.0M (revenue +21.5% year-over-year).
- 2013: Revenue of $4.8M, expenses of $5.1M, and assets of $7.3M (revenue -10.5% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.1M, and assets of $7.1M (revenue +9.7% year-over-year).
- 2011: Revenue of $4.9M, expenses of $4.6M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Craft Council:
Data Sources and Methodology
This transparency report for American Craft Council is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.