The Pen and Brush Inc

Analysis

The Pen and Brush Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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, The Pen and Brush Inc reported income of $244k and spending of $855k, spending 351% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $734k to $244k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 203% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pen and Brush Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Hardin County Genealogy Society a Chapter of Ohio Genealogical Socie ($244k), Glocally Connected Inc ($244k) and Fauquier Community Theatre-Story Painters Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $145k. It paid $43k in professional fundraising fees. At year end it held assets of $7.3m against liabilities of $551k, net assets of $6.8m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.