Painting Space 122 Inc

Analysis

Painting Space 122 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Painting Space 122 Inc reported income of $203k and spending of $202k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $122k to $203k (+67%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Painting Space 122 Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Town and Country Players ($203k), Childrens Theatre of Houston ($203k) and Vicksburg Cultural Arts Center ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $74k against liabilities of $17k, net assets of $57k.