Painted Bride Art Center Inc

Analysis

Painted Bride Art Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Painted Bride Art Center Inc reported income of $633k and spending of $664k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $426k to $633k (+49%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 796%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Painted Bride Art Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Writers and Books Inc ($633k), Holly Theatre Community Center Inc ($634k) and Rhode Island Natural History Survey ($633k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (14% of expenses). Other salaries and wages came to $150k. At year end it held assets of $5.0m against liabilities of $377k, net assets of $4.6m. It reported 10 employees.