Clay Studio

Analysis

Clay Studio is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Clay Studio reported income of $1.7m and spending of $1.2m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $1.7m (+249%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clay Studio sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Independent Scholastic Association Incorporated ($1.7m), The Miryam Institute Inc ($1.7m) and The Historic Preservation Foundation of North Carolina Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $114k (9.7% of expenses). Other salaries and wages came to $441k. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.1m. It reported 26 employees.