Arts, Culture & Humanities
(A25)
IRS Verified
DX Registered
990 on File
ART WORKS STUDIO SCHOOL INC
Financial strength (30%)
80/100
Reliability (20%)
50/100
Effectiveness (25%)
86/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to create a stronger community through the arts. We achieve this with affordable, content rich art classes and projects. Our core value of social justice is activated through the content of our programming, our commitment to reducing economic barriers to art education, and the long-term, accountable relationships we nurture with our community.
Financial Overview — FY 2023
$684K
Total Revenue
$805K
Total Expenses
$470K
Net Assets
10
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.5%
Fundraising Efficiency
N/A
Operating Reserve
7.02x
Liability-to-Asset
49.7%
Revenue Diversification
59.8%
Executive Compensation
$100K
Compared with Peers
FY 2023
Compared with 16,962 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.5% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.9% | 14.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
12.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.0 mo | 10.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
49.7% | 1.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.8% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-12.2% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-5.1% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-17.6% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $684K | $805K | $470K | 81.5% | 10 |
| 2022 | $779K | $848K | $591K | 83.8% | 14 |
| 2021 | $657K | $651K | N/A | — | 5 |
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