Studio K Flamenco Inc

Analysis

Studio K Flamenco Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2018, 8 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 (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 K Flamenco Inc reported income of $80k and spending of $76k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $80k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% 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 K Flamenco Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within WI. Charities of a similar size with the same main cause include Laupahoehoe Train Museum ($80k), One Symphony Circle Inc ($80k) and Pretty Shield Foundation ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. It paid $500 in professional fundraising fees. At year end it held assets of $23k against liabilities of $7,963, net assets of $15k.