American Studio

Analysis

American Studio is a registered charity in United States, based in Gig Harbor, WA. 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, American Studio reported income of $1.4m and spending of $778k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $15k to $1.4m (+9471%), an average of +878% a year. The sharpest change came in the year to December 2022, when income rose by 16890%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Studio sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Bakehouse Art Complex Inc ($1.4m), National Civil War Museum ($1.4m) and Superbloom Design ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $250k (32% of expenses). Other salaries and wages came to $92k. At year end it held assets of $2.6m against liabilities of $11k, net assets of $2.6m. It reported 3 employees.