New York Studio School

Analysis

New York Studio School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1964, 62 years ago. 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 August 2023, New York Studio School reported income of $3.3m and spending of $3.6m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $3.3m (+22%), an average of +5.2% a year. The sharpest change came in the year to August 2021, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Studio School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Wyoming Coalition Against Domestic Violence and Sexual Assault ($3.3m), Brandywine Workshop and Archives Inc ($3.3m) and Naaso the Obesity Society Inc ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $189k (5.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.9m against liabilities of $2.9m, net assets of $4.0m. It reported 46 employees.