Childrens Art Studio

Analysis

Childrens Art Studio is a registered charity in United States, based in Washington, DC. 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 October 2023, Childrens Art Studio reported income of $223k and spending of $236k, spending 106% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $214k to $223k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to October 2020, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Art Studio sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include Dixieland Monterey a California Corporation ($223k), Youth Dance Ensemble ($223k) and Hillman Grad Foundation Inc ($223k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $156k (66% of expenses). Other salaries and wages came to $5,640. At year end it held assets of $14k against liabilities of $2,354, net assets of $12k. It reported 4 employees.