Studio Acting Conservatory Inc

Analysis

Studio Acting Conservatory Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 August 2023, Studio Acting Conservatory Inc reported income of $570k and spending of $533k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.5m to $570k (-78%), an average of -31% a year. The sharpest change came in the year to August 2020, when income dropped by 57%. Over the whole period it spent 33% 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 Acting Conservatory Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include African Culture Connection ($570k), Glasstire ($570k) and Post Classical Ensemble Inc ($570k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $131k (25% of expenses). Other salaries and wages came to $49k. At year end it held assets of $4.2m against liabilities of $107k, net assets of $4.1m. It reported 4 employees.