Old Town Artisan Studio Inc

Analysis

Old Town Artisan Studio Inc is a registered charity in United States, based in LA Quinta, CA. It received its IRS tax-exemption ruling in October 2009, 17 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, Old Town Artisan Studio Inc reported income of $1.7m and spending of $1.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Town Artisan Studio Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pacific Locomotive Association Inc ($1.7m), Historical Association of South Haven ($1.7m) and I Can Do That Theatre Company ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $71k (5.5% of expenses). Other salaries and wages came to $559k. At year end it held assets of $5.3m against liabilities of $337k, net assets of $4.9m. It reported 23 employees.