Painted Brain Inc

Analysis

Painted Brain Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Painted Brain Inc reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $925k to $2.6m (+184%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Painted Brain Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Live Like Bella Inc ($2.6m), Highland District Hospital FDN ($2.6m) and Community Free Clinic ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $230k (9.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $664k, net assets of $386k. It reported 42 employees.