Studio Route 29

Analysis

Studio Route 29 is a registered charity in United States, based in Frenchtown, NJ. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Studio Route 29 reported income of $498k and spending of $404k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $498k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. 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, Studio Route 29 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include German American Society ($498k), Reefs Unknown Inc ($498k) and Acton Community Access Television Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $243k (60% of expenses). At year end it held assets of $197k against liabilities of $452, net assets of $196k. It reported 3 employees.