PAINT YOUR HEART OUT TAMPA INC
Mission Statement
PAINT YOUR HEART OUT, TAMPA! is a one day volunteer effort to paint the homes of the low income, elderly residents of Tampa. The idea for this program was borrowed from Pittsburgh, Pennsylvania and brought to Tampa in 1988. In September of that year, a fifty member Steering Committee was formed to organize the first Paint Day, which was to be held in the spring of 1989. PAINT YOUR HEART OUT, TAMPA! is a 501c3 status as a non for profit organization. Neither the committee nor the program receive any local, state, or federal funding, but rely solely on private contributions such as cash and in kind donations. In-kind donations include: paint, paintbrushes, rollers, scrapers, ladders, and just about everything you need to paint a house. On Paint Day, 2,500 volunteers descend on Tampa neighborhoods to not only scrape and paint these homes, but also remove trash and debris, plant flowers, etc. Some teams even "adopt" their homeowner and provide services for them year round. Other teams build ramps for wheelchair residents, and paint garages. Although our program focuses on the outside of the home, some teams have bought furniture and provided for some needed repairs inside the home, such as replacing toilets, etc.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.3% | 84.5% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
46.5% | 24.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
27.6 mo | 37.4 mo |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.4% | 99.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-42.0% | 0.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.9% | -0.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
6.8% | 5.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $59K | $55K | $127K | 89.3% | — |
| 2022 | $102K | $51K | N/A | — | 1 |
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