Friends of a Studio in the Woods

Analysis

Friends of a Studio in the Woods is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2002, 24 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 2023, Friends of a Studio in the Woods reported income of $439k and spending of $435k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $238k to $439k (+84%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 44%. 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, Friends of a Studio in the Woods sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Dtla Proud Festival Inc ($439k), Primary Information Inc ($439k) and Marion Art Center Inc ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 8.0% of the total. It paid $30k in professional fundraising fees. At year end it held assets of $140k against liabilities of $5,427, net assets of $134k.