Carolina Studios Corp

Analysis

Carolina Studios Corp is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Carolina Studios Corp reported income of $172k and spending of $130k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $214k to $172k (-19%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 1293%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Carolina Studios Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Sharing Wheels ($172k), Girls on the Run of Sedgwick County ($173k) and The Fayetteville Manlius All Sports Booster Club Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.