philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Local Cloth INC FY2023 filing

Tax-deductible

Asheville, NC501(c)(3)Since 2012Arts & Culture EIN 45-5399614Revenue $207K in FY2023Latest return filed May 7, 2026

On file with the IRSlocalcloth.orgAsheville, NCTax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

Sustained by a passion for fiber, Local Cloth is a volunteer-led non-profit network of fiber artists, farmers, small- scale fiber processors, educators, and fiber enthusiasts, dedicated to growing and supporting the fiber economy in Western North Carolina and increasing awareness of and access to regional production and artisan practices.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $48K a year · 16% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $269K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$492
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
+10% vs prior year
Spent
$210K
To programs
84%
Net assets
$79K
By yearFY2022–FY2025
Revenue
$207K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2022$188K
FY2023$207K
FY2024$285K
FY2025$413K
Expenses
$210K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$210K
FY2024$284K
FY2025$266K
Net assets
$79K
FY2023▲ ×12
Tap a bar for its year
Net assets by fiscal year
FY2022$7K
FY2023$79K
FY2024$80K
FY2025$242K

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $177K Management & general 16% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Judi Jetson
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Courtney Lacaria’s $16K as Managing Director is at the 12th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Local Cloth INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Growing and supporting the fiber economy through education and services for local farmers and makers.

Questions for Local Cloth INC

Tap to ask. Local Cloth INC sees how many people are interested.

Your first name shows with your question. Local Cloth INC answers here, for everyone.

1 program · in their own filed words · FY2022
01

See other program accomplishments

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
The Community Foundation of Western North Carolina INCFY2024$144K
Paypal Charitable Giving FundFY2024$101K
Asheville Area Arts CouncilFY2024$14K
Cccd FoundationFY2024$10K
Total grants receivedfrom 4 funders$269K
See all 4 funders →
Grants paid · 1 grant · $114K · 2024–2024
Unitemized GrantFY2024$114,320

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$207K
Ln 12
Fees for servicesLn 2g$193K
Gifts and grantsLn 1h$13K
Investment incomeLn 3$498
Money outPt IX
$210K
Ln 25
Programscol B$177K
Managementcol C$33K
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$492
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$193K
Investment incomeLn 3$498
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$492
Net assetsLn 32$79K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6145
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$84K$80K
Total assetsLn 16$84K$80K
LiabilitiesLn 26$77K$492
Net assetsLn 32$7K$79K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$13K$13K
Accounting feesLn 11c$3K$1K$2K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$38K$38K
Payments to affiliatesLn 21$515$515
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$130K$116K$14K
Total functional expensesLn 25$210K$177K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 7, 2026 $413K$266K$147K$242K 990 PDF
FY2024Filed with the IRS Nov 14, 2024 $285K$284K$1K$80K 990 PDF
FY2023 ViewingFiled with the IRS Oct 31, 2023 $207K$210K−$3K$79K 990 PDF
FY2022Filed with the IRS Nov 28, 2022 $188K$7K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $207,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,200$13,405
I-9 Program service revenuePrior year $173,946$193,431
I-10 Investment income$498
I-11 Other revenue$0
I-12 Total revenuePrior year $188,146$207,334
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $181,416$210,167
I-18 Total expensesPrior year $181,416$210,167
I-19 Revenue less expensesPrior year $6,730−$2,833
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $207,334 across 5 lines filed
Lines not itemized here account for $17,092 of total revenue; see the IRS return.
VIII-1b Membership dues$13,405
VIII-1h Total contributions, gifts and grants$13,405
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $176,339$176,339
VIII-3 Investment incomeRelated to mission $498$498
VIII-12 Total revenueRelated to mission $193,929$207,334
Part IX · Statement of functional expenses $210,167 across 10 lines filed
IX-11a Management feesManagement $12,623$12,623
IX-11c Accounting feesPrograms $1,025 · Management $2,398$3,423
IX-11g Other fees for servicesPrograms $12,720$12,720
IX-12 Advertising and promotionPrograms $4,409$4,409
IX-13 Office expensesPrograms $2,550$2,550
IX-14 Information technologyManagement $3,977$3,977
IX-16 OccupancyPrograms $37,500$37,500
IX-21 Payments to affiliatesPrograms $515$515
IX-23 InsurancePrograms $2,005$2,005
IX-24 Other expenses (24a–d)Programs $116,271 · Management $14,174$130,445
IX-25 Total functional expensesPrograms $176,995 · Management $33,172 · Fundraising $0$210,167
Part X · Balance sheet $79,590 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $83,889$79,590
X-16 Total assetsStart of year $83,889$79,590
X-17 Accounts payable and accrued expensesStart of year $1,803$492
X-26 Total liabilitiesStart of year $77,158$492
X-27 Net assets without donor restrictionsStart of year −$31,765$59,434
X-28 Net assets with donor restrictionsStart of year $38,496$19,664
X-32 Total net assets or fund balancesStart of year $6,731$79,098
X-33 Total liabilities and net assetsStart of year $83,889$79,590
Part XI · Reconciliation of net assets $79,098 net assets at year end
XI-1 Total revenue$207,334
XI-2 Total expenses$210,167
XI-3 Revenue less expenses−$2,833
XI-4 Net assets at start of year$6,731
XI-8 Prior period adjustments$75,200
XI-10 Net assets at end of year$79,098

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.