Studio Ludo

Analysis

Studio Ludo is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Studio Ludo reported income of $275k and spending of $216k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $378k to $275k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Studio Ludo sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include One Oak ($275k), Childhood Cancer Awareness Group of Coffee County ($275k) and Roseville Kids Place ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $115k (53% of expenses). Other salaries and wages came to $22k. At year end it held assets of $10k against liabilities of $239k, net assets of -$228k. It reported 4 employees.