The Studios Of Key West Inc
The Studios Of Key West Inc shows consistent asset growth and positive operating margins with no reported officer compensation.
EIN: 205116495 · Key West, FL · NTEE: A400 · Updated: 2026-03-28
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The Studios Of Key West Inc is mapped to EIN 205116495.
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13 stored filing years available.
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13 stored filing years available.
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75% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $2.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $13.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
The Studios Of Key West Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Studios Of Key West Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Studios Of Key West Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.7M and expenses of $2.5M.
Revenue and Expenses
The Studios Of Key West Inc reported $2.7M in revenue and $2.5M in expenses, a surplus of $239K.
Executive Compensation
Top officer compensation appears as $15 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is The Studios Of Key West Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.8M (75%) |
Across stored filings, The Studios Of Key West Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Arts & Culture context |
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The Studios Of Key West Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Studios Of Key West Inc
The Studios Of Key West Inc (EIN: 205116495) is a nonprofit organization based in Key West, FL, classified under NTEE code A400. The organization reported total revenue of $3.4M and total assets of $15.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Studios Of Key West Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Studios Of Key West Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$239K |
| Total Assets | $15.2M |
| Total Liabilities | $2.1M |
| Net Assets | $13.2M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 74.3 months |
Financial Health Grade: A
In 2023, The Studios Of Key West Inc reported a surplus of $239K with revenue exceeding expenses, holds 74.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Studios Of Key West Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | +23.7% | +2.3% |
| 2022 | -17.9% | +30.6% | +6.6% |
| 2021 | -4.7% | -25.3% | +16.7% |
| 2020 | +131.0% | -7.4% | +37.7% |
| 2019 | -3.8% | +12.3% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Studios Of Key West Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Studios Of Key West Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $239K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filing periods, suggesting that top leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with assets exceeding $15 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Studios Of Key West Inc's IRS 990 filings:
- No reported officer compensation for an organization with over $15 million in assets, which could indicate compensation is reported under other categories or that leadership is entirely volunteer, warranting further investigation for transparency.
Strengths
The following positive indicators were identified for The Studios Of Key West Inc:
- Consistent asset growth, from $4.3M in 2014 to over $15.2M in 2023, indicating strong financial management and stability.
- Positive operating margins in recent years (e.g., $2,702,929 revenue vs. $2,463,896 expenses in 202306), demonstrating financial sustainability.
- No reported officer compensation, suggesting a potential commitment to minimizing administrative overhead or a volunteer-led executive team.
- Manageable liabilities relative to assets, indicating a healthy balance sheet and low financial risk.
Frequently Asked Questions about The Studios Of Key West Inc
Is The Studios Of Key West Inc a legitimate charity?
The Studios Of Key West Inc (EIN: 205116495) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Studios Of Key West Inc spend its money?
The Studios Of Key West Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Studios Of Key West Inc tax-deductible?
The Studios Of Key West Inc is registered as a tax-exempt nonprofit (EIN: 205116495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Studios Of Key West Inc CEO make?
The Studios Of Key West Inc's highest-compensated officer earns $15 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Studios Of Key West Inc's spending goes to programs?
The Studios Of Key West Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Studios Of Key West Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Studios Of Key West Inc is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Studios Of Key West Inc located?
The Studios Of Key West Inc is headquartered in Key West, Florida and files with the IRS under EIN 205116495. It is classified under NTEE code A400.
How many years of IRS 990 filings does The Studios Of Key West Inc have?
The Studios Of Key West Inc has 13 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 $3.4M in total revenue.
Is The Studios Of Key West Inc a good charity?
Based on the provided financial data, The Studios Of Key West Inc appears to be a financially sound organization with consistent asset growth and positive operating margins. The absence of reported officer compensation is a notable positive for efficiency.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $4,324,210 in 201406 to $15,249,372 in 202306. Revenue has fluctuated but generally remained strong, and expenses have been managed to maintain positive net income in most recent years.
What is the trend in revenue and expenses?
Revenue has varied, peaking at $4,101,196 in 202006 and most recently at $2,702,929 in 202306. Expenses have generally been lower than revenue in recent periods, indicating efficient operations, for example, $2,463,896 in expenses against $2,702,929 in revenue for 202306.
Filing History
IRS 990 filing history for The Studios Of Key West Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Studios Of Key West Inc's revenue has grown by 137.8%, moving from $1.1M to $2.7M. Total assets increased by 441.5% over the same period, from $2.8M to $15.2M. Total functional expenses rose by 233.8%, from $738K to $2.5M. In its most recent filing year (2023), The Studios Of Key West Inc reported a surplus of $239K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $15.2M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.5M | $15.2M | $2.1M | — | — |
| 2022 | $3.2M | $2.0M | $14.9M | $2.0M | — | View 990 |
| 2021 | $3.9M | $1.5M | $14.0M | $2.1M | — | View 990 |
| 2020 | $4.1M | $2.0M | $12.0M | $3.4M | — | View 990 |
| 2019 | $1.8M | $2.2M | $8.7M | $2.2M | — | View 990 |
| 2018 | $1.8M | $2.0M | $9.1M | $2.1M | — | View 990 |
| 2017 | $2.5M | $1.9M | $9.1M | $2.0M | — | View 990 |
| 2016 | $1.1M | $1.4M | $8.4M | $1.9M | — | View 990 |
| 2015 | $3.4M | $906K | $9.6M | $2.8M | — | View 990 |
| 2014 | $2.1M | $934K | $4.3M | $2.2M | — | View 990 |
| 2013 | $1.2M | $782K | $1.1M | $189K | — | View 990 |
| 2012 | $1.0M | $3.4M | $367K | $42K | — | View 990 |
| 2011 | $1.1M | $738K | $2.8M | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.5M, and assets of $15.2M (revenue -15.7% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.0M, and assets of $14.9M (revenue -17.9% year-over-year).
- 2021: Revenue of $3.9M, expenses of $1.5M, and assets of $14.0M (revenue -4.7% year-over-year).
- 2020: Revenue of $4.1M, expenses of $2.0M, and assets of $12.0M (revenue +131.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.2M, and assets of $8.7M (revenue -3.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.0M, and assets of $9.1M (revenue -26.5% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.9M, and assets of $9.1M (revenue +125.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.4M, and assets of $8.4M (revenue -67.5% year-over-year).
- 2015: Revenue of $3.4M, expenses of $906K, and assets of $9.6M (revenue +60.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $934K, and assets of $4.3M (revenue +77.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $782K, and assets of $1.1M (revenue +19.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $3.4M, and assets of $367K (revenue -11.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $738K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Studios Of Key West Inc:
Data Sources and Methodology
This transparency report for The Studios Of Key West Inc 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.