The Painted Turtle

Analysis

The Painted Turtle is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Painted Turtle reported income of $4.6m and spending of $7.9m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $4.6m (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 127% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Painted Turtle sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Center for the Innovative Training of Youth Inc ($4.6m), My Project USA ($4.6m) and Source of Spokane ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $202k (2.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $34.2m against liabilities of $5.0m, net assets of $29.2m. It reported 39 employees.