Art Works Studio School Inc

Analysis

Art Works Studio School Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in December 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 December 2023, Art Works Studio School Inc reported income of $684k and spending of $805k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $684k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Works Studio School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Black Heritage Trail of New Hampshire Inc ($684k), The 1932 Criterion Theatre ($684k) and Mid-Michigan Childrens Museum ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $262k. At year end it held assets of $935k against liabilities of $464k, net assets of $470k. It reported 10 employees.