The Clay Studio Holdings Inc

Analysis

The Clay Studio Holdings Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Clay Studio Holdings Inc reported income of $298k and spending of $723k, spending 242% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $176k to $298k (+70%), an average of +70% a year. The sharpest change came in the year to May 2023, when income rose by 70%. Over the whole period it spent 188% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Clay Studio Holdings Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Aloha Performing Arts Company ($298k), Orpheum Theatre Endowment Inc ($299k) and Cheltenham Township Art Centre ($298k).

At year end it held assets of $13.9m against liabilities of $14.5m, net assets of -$566k.