Studio at 550

Overview

Studio at 550 is a 501(c)(3) nonprofit organization in the United States, committed to supporting artists by providing a platform for interdisciplinary collaboration and artistic development. Its primary mission is to foster cross-disciplinary exchange through education, services, and resources, with a particular focus on dance and other performing arts.

Fiscal Sponsorship

The organization offers fiscal sponsorship to artists, allowing them to manage their financial aspects with minimal administrative costs. This program charges a fee of 5% on all funds received through the sponsorship, helping artists maintain financial stability while focusing on their craft.

Financial Operations

Studio at 550 has a modest financial profile, with revenues ranging between $100,000 and $118,000 over recent years. The organization's expenses have been slightly higher, reaching up to $138,000, indicating a commitment to utilizing its resources effectively to support artistic endeavors. As of recent reports, the organization holds $24,200 in total assets with no outstanding liabilities, reflecting careful financial management.

Mission and Impact

The mission of Studio at 550 is centered on creating a supportive environment where artists can flourish without excessive administrative burdens. By providing fiscal sponsorship and promoting interdisciplinary collaboration, the organization aims to enhance the artistic community's stability and creative output.

Legal and Organizational Status

As a 501(c)(3) nonprofit, Studio at 550 qualifies for federal tax exemption under the U.S. Internal Revenue Code. This status enables the organization to accept tax-deductible donations, further supporting its goal to sustain and promote artistic innovation.