Spirit of Studio 12

Analysis

Spirit of Studio 12 is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Spirit of Studio 12 reported income of $61k and spending of $58k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $61k (-8.3%), an average of -8.3% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spirit of Studio 12 sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include For Veterans Sake Foundation ($61k), Mississippi Drug Testing Consortium Inc ($61k) and Medical Staff of Elkhart General Hospital Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.