Paine Art Center & Gardens Inc

Analysis

Paine Art Center & Gardens Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in September 1949, 77 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, Paine Art Center & Gardens Inc reported income of $3.2m and spending of $2.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.2m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paine Art Center & Gardens Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Science Spectrum ($3.2m), The Taubman Museum of Art ($3.2m) and The Dramatists Guild Fund Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $277k (10% of expenses). Other salaries and wages came to $799k. At year end it held assets of $24.7m against liabilities of $1.7m, net assets of $23.0m. It reported 129 employees.