Open Studio Project Inc

Analysis

Open Studio Project Inc is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2024, Open Studio Project Inc reported income of $405k and spending of $433k, spending 107% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $230k to $405k (+76%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Open Studio Project Inc 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 66th percentile within IL. Charities of a similar size with the same main cause include Gates-Chili Color Guard Parents Inc ($405k), Parviz Shahbazi Foundation Inc ($405k) and Del Norte Highschool Music Boosters ($405k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 50% of the total. Other salaries and wages came to $233k. At year end it held assets of $64k against liabilities of $65k, net assets of -$1,279. It reported 6 employees.