I Paint My Mind - NFP

Analysis

I Paint My Mind - NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2024, 2 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 December 2023, I Paint My Mind - NFP reported income of $295k and spending of $227k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $289k to $295k (+1.8%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, I Paint My Mind - NFP sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include City Kid Science Inc ($295k), Archaeological Legacy Institute ($295k) and Evanston Symphony Orchestra Association ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $102k (45% of expenses). Other salaries and wages came to $4,358. At year end it held assets of $356k against liabilities of $57k, net assets of $299k.