Studio Theatre Inc

Analysis

Studio Theatre Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1979, 47 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 August 2023, Studio Theatre Inc reported income of $6.8m and spending of $8.0m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.1m to $6.8m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to August 2021, when income dropped by 17%. Over the whole period it spent 93% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Flynn Center for the Performing Arts Ltd ($6.8m), Hombre Nuevo ($6.8m) and Ankerberg Theological Research Institute ($6.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $289k (3.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $35.7m against liabilities of $10.9m, net assets of $24.9m. It reported 194 employees.