Sage Studio & Gallery

Analysis

Sage Studio & Gallery is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2021, 5 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, Sage Studio & Gallery reported income of $368k and spending of $297k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $276k to $368k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sage Studio & Gallery sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Florida Lighthouse Association Inc ($368k), Yankton County Historical Society ($368k) and Mankato Symphony Orchestra Association Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $130k (44% of expenses). At year end it held assets of $133k against liabilities of $5,267, net assets of $128k. It reported 2 employees.