Inside Out Studio Inc

Analysis

Inside Out Studio Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 2016, 10 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 2022, Inside Out Studio Inc reported income of $51k and spending of $73k, spending 142% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $65k to $51k (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inside Out Studio Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AL. Charities of a similar size with the same main cause include Curious Society ($51k), Actors Attic ($51k) and Friends of the Jefferson Patterson Park and Museum Inc ($51k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $5,948 against liabilities of $0, net assets of $5,948.