Encore Studio for the Performing Arts Inc

Analysis

Encore Studio for the Performing Arts Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Encore Studio for the Performing Arts Inc reported income of $378k and spending of $376k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $378k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Encore Studio for the Performing Arts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Time for Tots Inc ($378k), Lifework Leadership Orlando Inc ($378k) and The Ann George Food Pantry ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $166k. At year end it held assets of $175k against liabilities of $39k, net assets of $136k. It reported 10 employees.