Studio Two Three
EIN: 270876594 · Richmond, VA · NTEE: A30
| Metric | Value |
|---|---|
| Total Revenue | $717K |
| Total Expenses | $962K |
| Net Assets | $898K |
Is Studio Two Three Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Studio Two Three
Studio Two Three (EIN: 270876594) is a nonprofit organization based in Richmond, VA, classified under NTEE code A30. The organization reported total revenue of $717K and total assets of $939K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studio Two Three's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studio Two Three is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $962K |
| Surplus / Deficit | $-230,534 |
| Total Assets | $1.2M |
| Total Liabilities | $306K |
| Net Assets | $898K |
| Operating Margin | -31.5% |
| Debt-to-Asset Ratio | 25.4% |
| Months of Reserves | 15.0 months |
Financial Health Grade: B
In 2023, Studio Two Three reported a deficit of $231K with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 25.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Studio Two Three's revenue has grown at a compound annual growth rate (CAGR) of 24.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.9% | +34.1% | -57.0% |
| 2022 | +90.9% | +19.3% | +378.3% |
| 2021 | +48.6% | +0.2% | +160.5% |
| 2019 | +1.5% | +14.4% | -20.4% |
| 2018 | +26.3% | +28.6% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Studio Two Three has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Studio Two Three with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.4%.
Frequently Asked Questions about Studio Two Three
Is Studio Two Three a legitimate charity?
Studio Two Three (EIN: 270876594) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $717K. No red flags identified. Financial health grade: B.
How does Studio Two Three spend its money?
Studio Two Three reported $717K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Studio Two Three tax-deductible?
Studio Two Three is registered as a tax-exempt nonprofit (EIN: 270876594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Studio Two Three located?
Studio Two Three is headquartered in Richmond, Virginia and files with the IRS under EIN 270876594. It is classified under NTEE code A30.
How many years of IRS 990 filings does Studio Two Three have?
Studio Two Three has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $717K in total revenue.
Filing History
IRS 990 filing history for Studio Two Three showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Studio Two Three's revenue has grown by 1247.2%, moving from $54K to $732K. Total assets increased by 4722.1% over the same period, from $25K to $1.2M. Total functional expenses rose by 1803.9%, from $51K to $962K. In its most recent filing year (2023), Studio Two Three reported a deficit of $231K, with expenses exceeding revenue. The organization holds $306K in liabilities against $1.2M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $898K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $962K | $1.2M | $306K | — | — |
| 2022 | $1.5M | $718K | $2.8M | $1.7M | — | View 990 |
| 2021 | $781K | $602K | $585K | $231K | — | View 990 |
| 2019 | $526K | $600K | $225K | $107K | — | View 990 |
| 2018 | $518K | $525K | $282K | $124K | — | View 990 |
| 2017 | $410K | $408K | $301K | $185K | — | View 990 |
| 2016 | $329K | $285K | $153K | $5K | — | View 990 |
| 2015 | $230K | $175K | $109K | $5K | — | View 990 |
| 2014 | $113K | $91K | $52K | $2K | — | View 990 |
| 2013 | $100K | $82K | $51K | $23K | — | View 990 |
| 2012 | $52K | $52K | $30K | $21K | — | View 990 |
| 2011 | $54K | $51K | $25K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $962K, and assets of $1.2M (revenue -50.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $718K, and assets of $2.8M (revenue +90.9% year-over-year).
- 2021: Revenue of $781K, expenses of $602K, and assets of $585K (revenue +48.6% year-over-year).
- 2019: Revenue of $526K, expenses of $600K, and assets of $225K (revenue +1.5% year-over-year).
- 2018: Revenue of $518K, expenses of $525K, and assets of $282K (revenue +26.3% year-over-year).
- 2017: Revenue of $410K, expenses of $408K, and assets of $301K (revenue +24.7% year-over-year).
- 2016: Revenue of $329K, expenses of $285K, and assets of $153K (revenue +42.9% year-over-year).
- 2015: Revenue of $230K, expenses of $175K, and assets of $109K (revenue +103.6% year-over-year).
- 2014: Revenue of $113K, expenses of $91K, and assets of $52K (revenue +13.0% year-over-year).
- 2013: Revenue of $100K, expenses of $82K, and assets of $51K (revenue +93.7% year-over-year).
- 2012: Revenue of $52K, expenses of $52K, and assets of $30K (revenue -4.9% year-over-year).
- 2011: Revenue of $54K, expenses of $51K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studio Two Three:
Data Sources and Methodology
This transparency report for Studio Two Three is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.