Painting Hope Inc

Analysis

Painting Hope Inc is a registered charity in United States, based in Hampton, MN. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Hope Inc reported income of $630k and spending of $727k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $334k to $630k (+89%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Painting Hope Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Friends of Coonley School ($630k), Trinity Western University ($631k) and South Fayette Township Library ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $674k against liabilities of $0, net assets of $674k.