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CRAFT3
CRAFT3 reported $53.6 million in revenue and $38.3 million in expenses for calendar year 2024. Of every $100 it spent, $83.62 went to program services, $15.92 to management and general costs and $0.46 to fundraising. Its largest source of revenue was contributions and grants: 73.7% of the total. Government grants made up 44.1%. The highest compensation it reported for one person was $339,564 (CHIEF EXECUTIVE OFFICER). 45 people received more than $100,000 in reportable compensation. Revenue rose 239% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $38MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $54MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 73.7% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 44.1% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 22.9% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $339,564 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.89% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 45 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 30.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLending activities: providing business support, marketing assistance and high risk non-bank credit to businesses and individuals in washington and oregon. Improving the physical and economic environments through reduction of waste, energy and chemical usage through mission based lending
Program consulting: providing expert guidance in strategic planning, organizational development, economic development, and real estate development. The services are designed to assist businesses, non-profit organizations and local governments in accomplishing their goals
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 36.00 hrs/week | $303,154 | $0 | $36,410 | $339,564 |
| CHIEF OPERATING OFFICER (UNTIL 2/9/24) Officer, 36.00 hrs/week | $313,543 | $0 | $6,647 | $320,190 |
| CHIEF EXECUTIVE OFFICER (UNTIL 3/25/24) Officer, 36.00 hrs/week | $280,923 | $0 | $5,029 | $285,952 |
| SENIOR ADVISOR Highest compensated employee, 40.00 hrs/week | $245,701 | $0 | $32,542 | $278,243 |
| SENIOR ADVISOR Highest compensated employee, 40.00 hrs/week | $235,770 | $0 | $15,065 | $250,835 |
| CHIEF DEVELOP. AND STAFF OFFICER Officer, 36.00 hrs/week | $221,298 | $0 | $29,503 | $250,801 |
| CHIEF LENDING OFFICER Officer, 36.00 hrs/week | $234,591 | $0 | $5,511 | $240,102 |
| CHIEF FINANICAL OFFICER Officer, 36.00 hrs/week | $199,106 | $0 | $32,874 | $231,980 |
45 people received more than $100,000 in reportable compensation from CRAFT3 (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5107
- Volunteers Part I, line 613
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| NORTHWEST CONSTRUCTION SERVICES Contract work for borrowers | $1,068,604 |
| JTM CONSTRUCTION INC Contract work for borrowers | $756,637 |
| JHC COMMERCIAL LLC Contract work for borrowers | $672,206 |
| CONSTRUCTION MANAGEMENT ASSOCIATES LLC Contract work for borrowers | $497,509 |
| THE RUMBLE GROUP Consulting | $287,028 |
Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to CRAFT3 totaling $539K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from CRAFT3's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for CRAFT3, you can publish a response that is linked from this page.
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Of every $100 CRAFT3 spent in 2024, $83.62 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Center for Community ChangeWashington, DC · revenue $53M · programs 80.1% · FY2025
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- Mosaic Community ServicesBaltimore, MD · revenue $53M · programs 81.0% · FY2025
- 1803 FundPortland, OR · revenue $56M · programs 92.4% · 2025
- Economic Development Partnership of North CarolinaRaleigh, NC · revenue $52M · programs 94.3% · FY2025
All community improvement & capacity building charities · Largest charities in Oregon
Questions people ask
How much of CRAFT3's spending goes to programs?
In calendar year 2024, CRAFT3 reported that 83.6% of its $38.3 million in expenses went to program services, 15.9% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does CRAFT3 pay its top executive?
The largest total compensation CRAFT3 reported for one person in calendar year 2024 was $339,564, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does CRAFT3 get its money?
Of $53.6 million in revenue in calendar year 2024, 73.7% came from contributions and grants (including 44.1% from government grants) and 22.9% from program service revenue (Form 990, Part VIII).
Is CRAFT3 a registered charity?
The IRS lists EIN 91-1662698 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202532959349301523 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349307816 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312239349302566 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202249349302630 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122539349300217 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002879349301920 · read the filing
All filings for EIN 91-1662698: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.