Center For Furniture Craftsmanship
Center For Furniture Craftsmanship shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 10517984 · Rockport, ME · NTEE: B99 · Updated: 2026-03-28
About Center For Furniture Craftsmanship
Center For Furniture Craftsmanship (EIN: 10517984) is a nonprofit organization based in Rockport, ME, classified under NTEE code B99. The organization reported total revenue of $5.1M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Furniture Craftsmanship's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center For Furniture Craftsmanship with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Center For Furniture Craftsmanship allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $16 million. This suggests either a fully volunteer leadership or compensation structured in a way that is not reported as officer compensation, indicating a strong commitment to minimizing administrative overhead.
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 Center For Furniture Craftsmanship's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Center For Furniture Craftsmanship:
- Consistent and significant asset growth over the past decade, from $8.2 million in 2014 to $16.5 million in 2023.
- Zero reported officer compensation across all available filings, indicating a strong commitment to program spending.
- Generally well-managed expenses, often resulting in operational surpluses.
- Low liabilities relative to assets, indicating strong financial stability.
- Clear alignment between NTEE code (B99 - Other Education) and organizational name, suggesting a focused mission.
Frequently Asked Questions about Center For Furniture Craftsmanship
Is Center For Furniture Craftsmanship a good charity?
Based on its financial data, the Center For Furniture Craftsmanship appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent operational surpluses in most years, and a remarkable commitment to minimizing executive compensation (reported as 0% across all filings).
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets more than doubling from $8,212,427 in 2014 to $16,591,234 in 2023. While revenue has varied, expenses have generally been well-managed, leading to consistent asset growth.
What is the trend in revenue and expenses?
Revenue has fluctuated, with a notable peak of $3,564,927 in 2021, but generally ranges between $1.2 million and $2 million in other years. Expenses have shown a gradual increase from around $1.2 million in 2015 to $2.06 million in 2023, largely in line with organizational growth and activity.
Are there any concerns regarding liabilities?
Liabilities have remained relatively low and stable compared to assets, typically ranging from $267,372 to $506,846. This indicates a healthy balance sheet and low financial risk.
Filing History
IRS 990 filing history for Center For Furniture Craftsmanship showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Furniture Craftsmanship's revenue has grown by 60.9%, moving from $1.2M to $1.9M. Total assets increased by 166.1% over the same period, from $6.2M to $16.6M. Total functional expenses rose by 90.8%, from $1.1M to $2.1M. In its most recent filing year (2023), Center For Furniture Craftsmanship reported a deficit of $119K, with expenses exceeding revenue. The organization holds $428K in liabilities against $16.6M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $16.6M | $428K | — | — |
| 2022 | $2.0M | $1.7M | $15.2M | $323K | — | — |
| 2021 | $3.6M | $1.5M | $18.1M | $507K | — | View 990 |
| 2020 | $1.9M | $1.2M | $14.8M | $431K | — | — |
| 2019 | $2.8M | $1.5M | $13.7M | $490K | — | View 990 |
| 2018 | $3.4M | $1.5M | $11.4M | $396K | — | View 990 |
| 2017 | $2.2M | $1.5M | $9.8M | $330K | — | View 990 |
| 2016 | $1.2M | $1.3M | $8.3M | $321K | — | View 990 |
| 2015 | $1.3M | $1.3M | $8.0M | $267K | — | View 990 |
| 2014 | $1.2M | $1.5M | $8.2M | $364K | — | View 990 |
| 2013 | $1.5M | $1.2M | $8.1M | $289K | — | View 990 |
| 2012 | $1.4M | $1.1M | $7.0M | $259K | — | View 990 |
| 2011 | $1.2M | $1.1M | $6.2M | $199K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $16.6M (revenue -1.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.7M, and assets of $15.2M (revenue -44.5% year-over-year).
- 2021: Revenue of $3.6M, expenses of $1.5M, and assets of $18.1M (revenue +92.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.2M, and assets of $14.8M (revenue -34.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.5M, and assets of $13.7M (revenue -17.9% year-over-year).
- 2018: Revenue of $3.4M, expenses of $1.5M, and assets of $11.4M (revenue +54.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.5M, and assets of $9.8M (revenue +87.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $8.3M (revenue -5.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $8.0M (revenue +2.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.5M, and assets of $8.2M (revenue -17.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.2M, and assets of $8.1M (revenue +6.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.1M, and assets of $7.0M (revenue +16.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $6.2M.
Data Sources and Methodology
This transparency report for Center For Furniture Craftsmanship 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.