Studio Arts College International Inc

Analysis

Studio Arts College International Inc is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in November 1977, 49 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Studio Arts College International Inc reported income of $161k and spending of $640k, spending 397% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.2m to $161k (-97%), an average of -60% a year. The sharpest change came in the year to August 2023, when income rose by 205%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio Arts College International Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Elmwood Park Civic Ballet Company D/B/A Ballet Legere ($161k), Juventas Music ($161k) and Lev Childrens Museum Inc ($161k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.3m against liabilities of $5.9m, net assets of -$681k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.