Oregon Music Hall of Fame

Analysis

Oregon Music Hall of Fame is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 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 (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 Music Hall of Fame reported income of $369k and spending of $349k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $269k to $369k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 93% 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 Music Hall of Fame sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include Young Peoples Theater ($369k), Spotlight Youth Theatre ($369k) and Studio 23 ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. At year end it held assets of $493k against liabilities of $373k, net assets of $120k.