Vibe of Portland

Analysis

Vibe of Portland is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2007, 19 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 September 2023, Vibe of Portland reported income of $396k and spending of $404k, spending 102% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $268k to $396k (+48%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 45%. 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, Vibe of Portland sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Bourne Community TV Inc ($396k), Society for Glycobiology ($396k) and Redtone Records ($396k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $82k (20% of expenses). At year end it held assets of $57k against liabilities of $0, net assets of $57k.