Turtle Studios Corporation

Analysis

Turtle Studios Corporation is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in January 1997, 29 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, Turtle Studios Corporation reported income of $66k and spending of $62k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $66k (+13%), an average of +13% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turtle Studios Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Fire Island Artist Residency Incorporated ($66k), International Dance Arts Collective ($66k) and Inland Northwest Musicians Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 21% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.