Studio 3 Nc Inc is a 501(c)(3) organization based in Taylorsville, North Carolina, registered in 2016, with $48,524 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$49K
▼ 39.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$61K
Net assets
$52K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Studio 3 Nc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Studio 3 Nc Inc: 10 mo reserves · -25% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Studio 3 Nc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Studio 3 Nc Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $68K (FY2022) to $49K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
-24.9%
Spent more than it raised in the latest fiscal year.
Total assets
$52K
Net assets
$52K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $48,524▼39.2% | $60,594▼20.4% | $51,815▼18.9% | $51,815▼18.9% | 990EZ |
| 2023 | $79,800▲17.6% | $76,164▲49.5% | $63,885▲6.0% | $63,885▲6.0% | 990EZ |
| 2022 | $67,862 | $50,956 | $60,249 | $60,249 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
7 grants to Studio 3 Nc Inc totaling $143K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,000 |
| Winston-salem Foundation | 3 grant(s) for varying purposes | 2023 | $16,500 |
| Winston-salem Foundation | 2 grant(s) for varying purposes | 2022 | $32,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $24,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $24,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $14,500 |
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Data for Studio 3 Nc Inc (EIN 81-3521630) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.