Avenue 50 Studio Inc

Analysis

Avenue 50 Studio Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2003, 23 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, Avenue 50 Studio Inc reported income of $336k and spending of $211k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $203k to $336k (+65%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Avenue 50 Studio Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Tuscaloosa Childrens Theatre Inc ($336k), Ground Floor Theatre ($336k) and Bardstown Historic Development Corporation ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.