Studios for the Performing Arts Operating Co

Analysis

Studios for the Performing Arts Operating Co is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 2007, 19 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 June 2023, Studios for the Performing Arts Operating Co reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $499k to $1.5m (+192%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studios for the Performing Arts Operating Co sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Science Olympiad ($1.5m), Capital Repertory Company Inc ($1.5m) and Web du Bois Center for Freedom and Democracy Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $513k. At year end it held assets of $6.0m against liabilities of $237k, net assets of $5.8m. It reported 19 employees.