Studio Two Three

Analysis

Studio Two Three is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Studio Two Three reported income of $732k and spending of $962k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $526k to $732k (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio Two Three 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 76th percentile within VA. Charities of a similar size with the same main cause include Deadcenter Film Festival Inc ($732k), American Turkish Friendship Association ($732k) and The Hegeler-Carus Foundation ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $79k (8.2% of expenses). Other salaries and wages came to $113k. At year end it held assets of $1.2m against liabilities of $306k, net assets of $898k. It reported 6 employees.