Drama Studio Inc

Analysis

Drama Studio Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Drama Studio Inc reported income of $799k and spending of $434k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $383k to $799k (+109%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Drama Studio Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Grand Rapids Art Museum Foundation ($799k), Traveling Players Ensemble Inc ($799k) and South Texas Symphony Association Inc ($799k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $224k. At year end it held assets of $1.1m against liabilities of $224k, net assets of $881k. It reported 13 employees.