Blue Ridge Studio for the Performing Arts

Analysis

Blue Ridge Studio for the Performing Arts is a registered charity in United States, based in Berryville, VA. It received its IRS tax-exemption ruling in September 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, Blue Ridge Studio for the Performing Arts reported income of $146k and spending of $133k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $146k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Ridge Studio for the Performing Arts sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Brandywine Battlefield Park Associates ($146k), The Minnesota Alliance of Local History Museums Inc ($146k) and Alaria Chamber Ensemble Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. At year end it held assets of $26k against liabilities of $53k, net assets of -$27k.