New Studio for the Visual Arts of Jupiter Inc

Analysis

New Studio for the Visual Arts of Jupiter Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in March 2019, 7 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, New Studio for the Visual Arts of Jupiter Inc reported income of $181k and spending of $172k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $202k to $181k (-11%), an average of -5.4% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Studio for the Visual Arts of Jupiter Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Perspectives of Freedom Foundation Inc ($181k), Area Community Theatre in Mitchell Incorporated ($181k) and Tamil Association of Greater Delaware Valley ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.