Portland Museum Inc

Analysis

Portland Museum Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Portland Museum Inc reported income of $1.8m and spending of $337k, leaving 81% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $237k to $1.8m (+666%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 648%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Museum Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Good Shepherd Foundation ($1.8m), General Israel Orphans Home for Girls ($1.8m) and Windy Hill Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (29% of expenses). Other salaries and wages came to $53k. At year end it held assets of $3.1m against liabilities of $228k, net assets of $2.9m. It reported 4 employees.