Art Therapy Studio

Analysis

Art Therapy Studio is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1968, 58 years ago. 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 Therapy Studio reported income of $614k and spending of $594k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $690k to $614k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Therapy Studio sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include El Paso Fountain Valley Senior Citizens Program ($614k), The Booth & Dimock Memorial Library Incorporated ($614k) and Urban Kitchen Coalition Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $347k. At year end it held assets of $1.2m against liabilities of $7,334, net assets of $1.2m. It reported 18 employees.