Ideaworks Inc

Analysis

Ideaworks Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Ideaworks Inc reported income of $105k and spending of $92k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $105k (-5.5%), an average of -5.5% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ideaworks Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OR. Charities of a similar size with the same main cause include Gordon Central Performing Arts Alliance Inc ($105k), Shoestring Theatre Inc ($105k) and NRV Academy of Dance ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $8,866, net assets of $31k.