The Contingent

Analysis

The Contingent is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Contingent reported income of $7.2m and spending of $8.6m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $7.2m (+101%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 1452%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Contingent sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Ownership Works Inc ($7.2m), Better Family Life Inc ($7.2m) and Partnership for Economic Development Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $598k (7.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $5.9m against liabilities of $1.2m, net assets of $4.7m. It reported 84 employees.