Studio Afoundation

Analysis

Studio Afoundation is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Studio Afoundation reported income of $74k and spending of $93k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $115k to $74k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Studio Afoundation 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 MD. Charities of a similar size with the same main cause include Pinnacle Study Group Inc ($74k), Interreligious Food Consortium ($74k) and Take Care of Home ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.