Red Barn Actors Studio Inc

Analysis

Red Barn Actors Studio Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in March 1985, 41 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Red Barn Actors Studio Inc reported income of $529k and spending of $567k, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $467k to $529k (+13%), an average of +3.2% a year. The sharpest change came in the year to October 2020, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Barn Actors Studio Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Student Orchestras of Greater Olympia ($529k), Tyler Civic Theatre ($529k) and Alden Kindred of America Inc ($529k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $147k (26% of expenses). Other salaries and wages came to $123k. At year end it held assets of $264k against liabilities of $103k, net assets of $161k. It reported 29 employees.