Eagles Wings Studio Inc

Analysis

Eagles Wings Studio Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 May 2024, Eagles Wings Studio Inc reported income of $174k and spending of $129k, leaving 26% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $110k to $174k (+57%), an average of +57% a year. The sharpest change came in the year to May 2024, when income rose by 57%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eagles Wings Studio Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Cultural Alliance of Western Connecticut Inc ($174k), Afrikan Poetry Theather Inc ($174k) and Rockport Little Theater ($174k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. At year end it held assets of $168k against liabilities of $14k, net assets of $154k.