Makersmiths Inc

Organization Overview

Makersmiths Inc is located in Leesburg, VA. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Makersmiths Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Makersmiths Inc generated $228.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $185.9k during the year ending 12/2022. While expenses have increased by 11.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE A COMMUNITY MAKESPACE TO THE LOUDOUN COUNTY VIRGINIA AREA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A COMMUNITY MAKESPACE WHERE PEOPLE CAN LEARN, TEACH, MAKE AND COLLABORATE ON MAKING THINGS. OVER 300 MEMBERS OF THE COMMUNITY USED THE FACILITIES IN LEESBURG AND PURCELLVILLE.


PROVIDE PROGRAMMING CLASSES EVENTS AND OTHER ACTIVITIRES THAT INSTRUCK PEOPLE IN HOW TO MAKE THINGS. OVER 100 CLASSES AND PROGRMAS ON SEWING WOODWORKING LASER CUTTING AND ETCHING. WE SPONSOR LOCAL KIDWIND TEAMS


PROMOTED TO CORE AUDIENCES IN THE COMMUNITY STUDENTS, PROTOTYPING ENTERPRENEURS, HOBBYISTS, ARTISTS, AND OTHER COMMUNITY ORGANIZATIONS ALIGNED WITH OUR NON PROFIT MISSION


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$157,797
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$33,298
Noncash contributions included in lines 1a–1f $6,780
Total Revenue from Contributions, Gifts, Grants & Similar$191,095
Total Program Service Revenue$34,556
Investment income $31
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,691
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $228,373

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