Painting Pandas

Analysis

Painting Pandas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2021, 5 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, Painting Pandas reported income of $75k and spending of $99k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $75k (-14%), an average of -14% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Painting Pandas sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Cashel Dennehy School of Irish Dance Inc ($75k), American Muslim Association of North America ($75k) and Honor Flight Network of Kansas City ($75k).

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 $11k against liabilities of $0, net assets of $11k.