The Peace Studio Inc

Analysis

The Peace Studio Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2008, 18 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, The Peace Studio Inc reported income of $717k and spending of $801k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.6m to $717k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. 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, The Peace Studio Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include South Shore Art Center Inc ($717k), Californians for the Arts ($717k) and The Anderson Center for the Arts ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). At year end it held assets of $146k against liabilities of $1,538, net assets of $145k. It reported 3 employees.