Portland Media Center

Analysis

Portland Media Center is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Portland Media Center reported income of $303k and spending of $313k, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $274k to $303k (+11%), an average of +2.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Media Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include Ohio Falls Holiness Association Inc ($303k), Childhood Cancer Foundation of Southern California Inc ($303k) and Padre Pio Academy ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $71k (23% of expenses). Other salaries and wages came to $50k. At year end it held assets of $140k against liabilities of $56k, net assets of $84k. It reported 14 employees.