Side by Side Studio

Analysis

Side by Side Studio is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2015, 11 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 December 2023, Side by Side Studio reported income of $161k and spending of $206k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $255k to $161k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Side by Side Studio 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 48th percentile within KY. Charities of a similar size with the same main cause include Flint Hills Shakespeare Festival Inc ($161k), Bharatiya Vidya Bhavan USA Inc ($161k) and Block Island Historical Society ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. At year end it held assets of $130k against liabilities of $26k, net assets of $105k.