Painting Center Inc

Analysis

Painting Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2023, Painting Center Inc reported income of $193k and spending of $191k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $193k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 97% 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 Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include San Francisco Camerawork Inc ($193k), The Little Opera Theatre of Ny Inc ($193k) and Carriage and Western Art Museum of ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $62k. At year end it held assets of $94k against liabilities of $1,877, net assets of $92k. It reported 1 employees.