45th Parallel

Analysis

45th Parallel is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, 45th Parallel reported income of $404k and spending of $374k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $222k to $404k (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 45th Parallel 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 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Historical Society of Old Newbury ($404k), Civiclex Incorporated ($404k) and Bundled Arrows Inc ($404k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $64k (17% of expenses). At year end it held assets of $156k against liabilities of $6,777, net assets of $149k. It reported 2 employees.