Open Arts Studio Inc
- Assets
- $25.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-2912953
Organization Overview
Open Arts Studio Inc is located in Brooklyn, NY. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Arts Studio Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Open Arts Studio Inc generated $67.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,600 |
| Total Program Service Revenue | $1,385 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $46,800 |
| Total Revenue | $67,785 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $500 |
| Professional fees and other payments to independent contractors | $6,976 |
| Occupancy, rent, utilities, and maintenance | $36,417 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,514 |
| Total expenses | $53,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,296 |
| Other assets | $0 |
| Total assets | $25,296 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,296 |