Middlebury Studio School

Analysis

Middlebury Studio School is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Middlebury Studio School reported income of $346k and spending of $303k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $346k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middlebury Studio School sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Explore Mars Inc ($346k), Royal Legacy Christian Academy ($346k) and 22nd Judicial District Casa Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $125k. At year end it held assets of $581k against liabilities of $32k, net assets of $549k. It reported 29 employees.