Creative Portland Corporation

Analysis

Creative Portland Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in May 2010, 16 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 June 2023, Creative Portland Corporation reported income of $147k and spending of $165k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $219k to $147k (-33%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Creative Portland Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include City League Inc ($147k), Calera Main Street Inc ($147k) and Clovis Community Foundation ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. At year end it held assets of $156k against liabilities of $34k, net assets of $122k.