Studio Place Arts Incorporated

Analysis

Studio Place Arts Incorporated is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in January 1999, 27 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, Studio Place Arts Incorporated reported income of $309k and spending of $295k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $309k (+179%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio Place Arts Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 55th percentile within VT. Charities of a similar size with the same main cause include North American Society for the Sociology of Sport ($309k), Cultural Alliance of Fairfield County Inc ($309k) and Artist-Blacksmiths Association of North America Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). Other salaries and wages came to $9,537. At year end it held assets of $556k against liabilities of $285k, net assets of $271k. It reported 2 employees.