Portland Jazz Festival Incorporated

Analysis

Portland Jazz Festival Incorporated is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2023, Portland Jazz Festival Incorporated reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $758k to $1.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Jazz Festival Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include Diablo Ballet ($1.4m), Manifest Creative Research Gallery and Drawing Center ($1.4m) and National Association of Latino Arts & Culture ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $235k. At year end it held assets of $1.2m against liabilities of $340k, net assets of $828k. It reported 5 employees.