Studio Theatre Inc

Analysis

Studio Theatre Inc is a registered charity in United States, based in Benton, AR. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Studio Theatre Inc reported income of $264k and spending of $337k, spending 127% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $329k to $264k (-20%), an average of -20% a year. The sharpest change came in the year to May 2023, when income dropped by 20%. Over the whole period it spent 89% 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 Theatre Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within AR. Charities of a similar size with the same main cause include Harvard Krokodiloes Inc ($264k), Minden Opera House Inc ($264k) and Bayou Regional Arts Council ($264k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $97k (29% of expenses). Other salaries and wages came to $8,097. At year end it held assets of $359k against liabilities of $145k, net assets of $214k. It reported 3 employees.