Oregon Innovation Foundation

Analysis

Oregon Innovation Foundation is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Oregon Innovation Foundation reported income of $168k and spending of $84k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $94k to $168k (+79%), an average of +34% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oregon Innovation Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OR. Charities of a similar size with the same main cause include Mayur Dance Company ($168k), Chameleon Arts Ensemble of Boston Inc ($168k) and Savanna Band and Pageantry Organization ($168k).

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 $22k (27% of expenses). At year end it held assets of $86k against liabilities of $22k, net assets of $65k.