The Performing Arts Studio Inc

Analysis

The Performing Arts Studio Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, The Performing Arts Studio Inc reported income of $143k and spending of $175k, spending 123% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $213k to $143k (-33%), an average of -33% a year. The sharpest change came in the year to June 2024, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Performing Arts Studio Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include Torpedo Factory Print Makers Inc ($143k), Washington Athletic Club Foundation ($143k) and Southwest Playhouse Fine Arts Center Inc ($143k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $16k (9.0% of expenses). Other salaries and wages came to $57k. At year end it held assets of $29k against liabilities of $2,972, net assets of $26k. It reported 4 employees.