Potters Studio

Analysis

Potters Studio is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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, Potters Studio reported income of $1.8m and spending of $1.5m, spending 81% of its income. Across the 4 years on record, from August 2021 to December 2023, income grew from $495k to $1.8m (+270%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 172%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potters Studio sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Colleyville Soccer Association ($1.8m), Crossroads Foundation ($1.8m) and Cincinnati Scholarship Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $109k (7.3% of expenses). Other salaries and wages came to $624k. At year end it held assets of $1.6m against liabilities of $450k, net assets of $1.1m. It reported 28 employees.