Studio 395 Foundation

Analysis

Studio 395 Foundation is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Studio 395 Foundation reported income of $149k and spending of $199k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $149k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 101% 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 395 Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Chinese-American Bio Pharmaceutical Society ($149k), Artists Cooperative Gallery of Westerly Inc ($149k) and Full Power Wisdom Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $68k (34% of expenses). Other salaries and wages came to $52k. At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 9 employees.