The Drawing Studio Inc

Analysis

The Drawing Studio Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2023, The Drawing Studio Inc reported income of $1.1m and spending of $704k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $490k to $1.1m (+131%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Drawing Studio Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Downtown Bentonville Inc ($1.1m), Spaulding Wooden Boat Center ($1.1m) and Hui Malama O Ke Kai Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $107k (15% of expenses). Other salaries and wages came to $156k. At year end it held assets of $1.6m against liabilities of $411k, net assets of $1.2m. It reported 12 employees.