ACTORS STUDIO OF NEWBURYPORT INC
Mission Statement
The Performing Project is an organization that was founded five years ago by Maggie Budzyna in partnership with The Actors Studio of Newburyport, MA and the Youth Development Organization of Lawrence, MA. The purpose of the program is to give children in Lawrence an experience in the performing arts that they otherwise wouldn’t be able to afford because of show fees, costume costs and transportation to rehearsals. Our program gives a theatrical opportunity to over sixty Lawrence students each year. We strive to help actors become more confident in their theatrical ability and themselves. Our motto is “Find Your Inner Star” which is our ultimate goal. The children form friendships and develop self confidence throughout our two week summer program and the other theatrical experiences we offer throughout the year.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
86.9% | 82.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.1 mo | 9.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
93.1% | 1.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
68.2% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
16.8% | 8.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-1.3% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-14.8% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $158K | $182K | $2K | 86.9% | — |
| 2023 | $135K | $184K | $25K | 80.6% | — |
| 2022 | $143K | $205K | $65K | 70.7% | — |
| 2021 | $173K | $124K | $126K | 50.0% | — |
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