Funding Overview

Water Street Studios is a 501c3 nonprofit organization. pARTnership fees and donations are tax-deductible to the full extent of the law. All funding received goes into our programming, facility, and community. Transparency and communication are key values at our organization. If you have specific questions, please contact us at info@waterstreetstudios.org.


Funding sources:

Based on financials from FY2019. Our operating budget for last fiscal year was just over $415,000.

pARTnership

  • We currently have approximately 320 pARTners who pay between $35 to $200 per year for a variety of benefits that support the organization and their individual and collective creative endeavors.

Individual Giving/Corporate Giving

  • An average of $300 is collected in door donations every month during our 2nd Friday Gallery Opening events.

  • Last year, Water Street Studios raised over $15,000 in individual donations and over $10,000 in corporate gifts during Giving Tuesday.

Earned Revenue (% of total revenue)

  • Class registration: 21%

  • Studio rentals: 21%

  • Gallery sales: 6%

  • Bar sales during events: 2%

  • Event rentals: 2%

  • Other: 2%

    Total: 54%

Contributed Revenue (% of total revenue)

  • pARTnerships: 3%

  • Corporate giving: 4%

  • Individual giving: 6%

  • Grants: 31%

  • Other: 2%

    Total: 46%