Picaso Inc

Analysis

Picaso Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in September 1992, 34 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, Picaso Inc reported income of $145k and spending of $134k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $145k (+7.8%), an average of +7.8% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Picaso Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include The Apawamis Foundation ($145k), Transformation Outreach Center ($145k) and Sky Crossing Elementary PTO Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.