Beverley Street Studio School Incorporated

Analysis

Beverley Street Studio School Incorporated is a registered charity in United States, based in Lovingston, VA. It received its IRS tax-exemption ruling in May 1996, 30 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 2023, Beverley Street Studio School Incorporated reported income of $76k and spending of $124k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $76k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beverley Street Studio School Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Space for Art Foundation ($76k), Model Railroad Club Inc ($76k) and Lyles Station Historic Preservation Corporation ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 67% of the total. Other salaries and wages came to $31k. At year end it held assets of $167k against liabilities of $4,065, net assets of $163k. It reported 3 employees.