Studios on the Park Inc

Analysis

Studios on the Park Inc is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in October 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, Studios on the Park Inc reported income of $453k and spending of $478k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $463k to $453k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studios on the Park Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Pittsburgh Youth Chorus ($453k), Treasure House of Hope ($453k) and Womens Symphony League of Austin Incorporated ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 40% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.0m against liabilities of $89k, net assets of $914k. It reported 7 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.