Modest Fly Art Studio

Analysis

Modest Fly Art Studio is a registered charity in United States, based in Tujunga, CA. It received its IRS tax-exemption ruling in June 2024, 2 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, Modest Fly Art Studio reported income of $74k and spending of $85k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $99k to $74k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Modest Fly Art Studio sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Cornerstone Community Radio Inc ($74k), Preserve Mecklenburg Inc ($74k) and Missoula Community Chorus Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5,455 against liabilities of $14k, net assets of -$8,593.