Studio East Training for the Performing Arts

Analysis

Studio East Training for the Performing Arts is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in May 1995, 31 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 August 2023, Studio East Training for the Performing Arts reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.0m to $1.8m (-10%), an average of -2.7% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 87% 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 East Training for the Performing Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Works and Process Inc ($1.8m), Wagon Wheel Theatre Inc ($1.8m) and Mineralogical Society of America ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $213k (12% of expenses). Other salaries and wages came to $697k. It paid $12k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $172k, net assets of $1.2m. It reported 81 employees.