Paintcare Inc

Analysis

Paintcare Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Paintcare Inc reported income of $78.8m and spending of $84.4m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $61.8m to $78.8m (+28%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Paintcare Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Chicago Horticultural Society ($76.9m), Alliance to End Plastic Waste Inc ($80.1m) and Multiplier ($75.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $983k (1.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $98.6m against liabilities of $15.7m, net assets of $82.9m. It reported 45 employees.