Charles Adams Studio Project

Analysis

Charles Adams Studio Project is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Charles Adams Studio Project reported income of $408k and spending of $551k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $604k to $408k (-32%), an average of -9.4% a year. The sharpest change came in the year to September 2020, when income dropped by 63%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charles Adams Studio Project sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Central States Threshermen Reunion Inc ($408k), Claremont Lewis Museum of Art ($408k) and New England Symphonic Ensemble Inc ($408k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 0.2% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.