Studio School

Analysis

Studio School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Studio School reported income of $4.0m and spending of $4.3m, spending 106% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $3.8m to $4.0m (+4.8%), an average of +0.9% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Studio School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Nativity-Boston Inc ($4.0m), Autism Services Association Inc ($4.0m) and Arc of New Jersey Inc ($4.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $172k (4.0% of expenses). At year end it held assets of $8.8m against liabilities of $11.0m, net assets of -$2.2m. It reported 40 employees.