Take Note Studio Inc

Analysis

Take Note Studio Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Take Note Studio Inc reported income of $363k and spending of $345k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $363k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Take Note Studio Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Washington State College of Ohio Foundation ($363k), Heritage Christian Academy of Hugoton Inc ($363k) and Lead Education Group Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $92k (27% of expenses). Other salaries and wages came to $127k. At year end it held assets of $68k against liabilities of $4,908, net assets of $63k. It reported 17 employees.