Studio Theatre of L I Inc

Analysis

Studio Theatre of L I Inc is a registered charity in United States, based in Lindenhurst, NY. It received its IRS tax-exemption ruling in December 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, Studio Theatre of L I Inc reported income of $729k and spending of $658k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $729k (+256%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 114% 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 of L I Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Lulu & Leo Fund ($729k), Positively Arts Foundation Inc ($730k) and Enid Arts and Sciences Foundation ($729k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $289k against liabilities of $734k, net assets of -$445k. It reported 11 employees.