Carving Studio and Sculpture Center

Analysis

Carving Studio and Sculpture Center is a registered charity in United States, based in West Rutland, VT. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carving Studio and Sculpture Center reported income of $363k and spending of $413k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $436k to $363k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carving Studio and Sculpture Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 58th percentile within VT. Charities of a similar size with the same main cause include San Francisco Classical Voice ($363k), Jersey City Theater Center Inc ($363k) and Death of Classical Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $76k (18% of expenses). Other salaries and wages came to $77k. At year end it held assets of $859k against liabilities of $124k, net assets of $734k. It reported 4 employees.