Studio Creative Play

Analysis

Studio Creative Play is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Studio Creative Play reported income of $1.5m and spending of $2.0m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 138% 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 Creative Play 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 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Scoa Inc ($1.5m), Dryad ($1.5m) and Earth & Space Research ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $830k. At year end it held assets of $1.2m against liabilities of $3.8m, net assets of -$2.6m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.