Studio of Dance and Arts Inc

Analysis

Studio of Dance and Arts Inc is a registered charity in United States, based in Havre, MT. It received its IRS tax-exemption ruling in March 2017, 9 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, Studio of Dance and Arts Inc reported income of $120k and spending of $117k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $144k to $120k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio of Dance and Arts Inc 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 MT. Charities of a similar size with the same main cause include Artes Vocales Inc ($120k), Sato Lectures Ltd ($120k) and Breezy Farm Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 83% of the total. At year end it held assets of $99k against liabilities of $4,481, net assets of $95k.