Power of Paint Art Academy & Management

Analysis

Power of Paint Art Academy & Management is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. 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, Power of Paint Art Academy & Management reported income of $342k and spending of $322k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $217k to $342k (+58%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Power of Paint Art Academy & Management sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Camp Notre Dame ($341k), SC Share Self-Help Association Regarding Emotions ($342k) and K Rice TR Uw Fbo Schenectady Founda Tion ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $161k (50% of expenses). Other salaries and wages came to $30k. At year end it held assets of $0 against liabilities of $0, net assets of $0.