Craftstudies Inc
Craftstudies Inc shows strong asset growth and no executive compensation, with recent revenue fluctuations.
EIN: 20238690 · White Riv Jct, VT · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $791K |
| Total Expenses | $308K |
| Program Spending | 85% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Craftstudies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Craftstudies Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Craftstudies Inc
Craftstudies Inc (EIN: 20238690) is a nonprofit organization based in White Riv Jct, VT, classified under NTEE code A400. The organization reported total revenue of $791K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craftstudies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Craftstudies Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $308K |
| Surplus / Deficit | +$35K |
| Total Assets | $1.1M |
| Total Liabilities | $18K |
| Net Assets | $1.0M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 41.2 months |
Financial Health Grade: A
In 2024, Craftstudies Inc reported a surplus of $35K with revenue exceeding expenses, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Craftstudies Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +55.2% | +36.3% | +4.5% |
| 2023 | -77.8% | +2.8% | +0.1% |
| 2022 | +679.0% | +110.1% | +218.4% |
| 2021 | -46.7% | -54.1% | +1.6% |
| 2020 | +1.3% | +5.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
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 Craftstudies Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Craftstudies Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Craftstudies Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor confidence and resource allocation.
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 Craftstudies Inc's IRS 990 filings:
- Significant, unexplained revenue fluctuation in 202203 ($993,102) compared to prior and subsequent years.
Strengths
The following positive indicators were identified for Craftstudies Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Strong asset growth, increasing from $317,920 in 202103 to $1,057,841 in 202403.
- Low liabilities, with the latest reported at $18,408 (202403), suggesting good financial health.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Craftstudies Inc
Is Craftstudies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Craftstudies Inc (EIN: 20238690) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Craftstudies Inc spend its money?
Craftstudies Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Craftstudies Inc tax-deductible?
Craftstudies Inc is registered as a tax-exempt nonprofit (EIN: 20238690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Craftstudies Inc's spending goes to programs?
Craftstudies Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Craftstudies Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Craftstudies Inc 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 Craftstudies Inc located?
Craftstudies Inc is headquartered in White Riv Jct, Vermont and files with the IRS under EIN 20238690. It is classified under NTEE code A400.
How many years of IRS 990 filings does Craftstudies Inc have?
Craftstudies Inc 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 $791K in total revenue.
What caused the significant revenue spike in 202203 ($993,102) compared to previous years?
The IRS 990 filings show a dramatic increase in revenue in the 202203 period. Understanding the source (e.g., a large grant, capital campaign, or asset sale) is crucial for assessing the sustainability of its financial growth.
How does Craftstudies Inc manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation suggests a volunteer-driven leadership model or that compensation is structured in a way not reported in this section. This is a positive indicator of efficiency but understanding the operational model is key.
What is the organization's strategy for maintaining its asset base and ensuring long-term financial stability?
With assets growing from $317,920 in 202103 to over $1 million by 202203 and remaining stable, understanding the investment or endowment strategy is important.
Filing History
IRS 990 filing history for Craftstudies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Craftstudies Inc's revenue has grown by 76.9%, moving from $194K to $342K. Total assets increased by 203.6% over the same period, from $348K to $1.1M. Total functional expenses rose by 67%, from $184K to $308K. In its most recent filing year (2024), Craftstudies Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $18K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $342K | $308K | $1.1M | $18K | — | — |
| 2023 | $221K | $226K | $1.0M | $8K | — | View 990 |
| 2022 | $993K | $220K | $1.0M | $2K | — | View 990 |
| 2021 | $127K | $105K | $318K | $81K | — | — |
| 2020 | $239K | $228K | $313K | $101K | — | View 990 |
| 2019 | $236K | $216K | $321K | $121K | — | View 990 |
| 2018 | $197K | $226K | $278K | $98K | — | View 990 |
| 2017 | $231K | $211K | $308K | $100K | — | View 990 |
| 2016 | $216K | $228K | $299K | $110K | — | View 990 |
| 2015 | $212K | $212K | $318K | $118K | — | View 990 |
| 2014 | $175K | $194K | $327K | $126K | — | View 990 |
| 2013 | $197K | $184K | $345K | $125K | — | View 990 |
| 2012 | $194K | $184K | $348K | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $342K, expenses of $308K, and assets of $1.1M (revenue +55.2% year-over-year).
- 2023: Revenue of $221K, expenses of $226K, and assets of $1.0M (revenue -77.8% year-over-year).
- 2022: Revenue of $993K, expenses of $220K, and assets of $1.0M (revenue +679.0% year-over-year).
- 2021: Revenue of $127K, expenses of $105K, and assets of $318K (revenue -46.7% year-over-year).
- 2020: Revenue of $239K, expenses of $228K, and assets of $313K (revenue +1.3% year-over-year).
- 2019: Revenue of $236K, expenses of $216K, and assets of $321K (revenue +19.9% year-over-year).
- 2018: Revenue of $197K, expenses of $226K, and assets of $278K (revenue -14.7% year-over-year).
- 2017: Revenue of $231K, expenses of $211K, and assets of $308K (revenue +7.1% year-over-year).
- 2016: Revenue of $216K, expenses of $228K, and assets of $299K (revenue +1.7% year-over-year).
- 2015: Revenue of $212K, expenses of $212K, and assets of $318K (revenue +21.5% year-over-year).
- 2014: Revenue of $175K, expenses of $194K, and assets of $327K (revenue -11.6% year-over-year).
- 2013: Revenue of $197K, expenses of $184K, and assets of $345K (revenue +2.0% year-over-year).
- 2012: Revenue of $194K, expenses of $184K, and assets of $348K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Craftstudies Inc:
Data Sources and Methodology
This transparency report for Craftstudies Inc 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.