Portland Piano International

Analysis

Portland Piano International is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 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 June 2023, Portland Piano International reported income of $602k and spending of $586k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $561k to $602k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 99% 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 Piano International sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OR. Charities of a similar size with the same main cause include Maryland Citizens for the Arts Inc ($602k), Building Community in New Hampshire ($602k) and America-Italy Society of Philadelphia ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $89k. At year end it held assets of $253k against liabilities of $106k, net assets of $147k. It reported 3 employees.