Artorg Studios Incorporated

Analysis

Artorg Studios Incorporated is a registered charity in United States, based in Cannon Falls, MN. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artorg Studios Incorporated reported income of $120k and spending of $181k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $120k (+1.2%), an average of +1.2% a year. Over the whole period it spent 148% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artorg Studios Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Warfield Moose Cultural Society ($120k), Little Lakes Community Association Inc ($120k) and Friends of Beaver Creek State Park ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. At year end it held assets of $30k against liabilities of $66k, net assets of -$36k.