Greater Portland Partnership for Economic Advancement

Analysis

Greater Portland Partnership for Economic Advancement is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2013, 13 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, Greater Portland Partnership for Economic Advancement reported income of $125k and spending of $125k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $125k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 361%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Portland Partnership for Economic Advancement sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Great 100 Nurses Foundation ($125k), Highland Park Quality of Life Foundation Inc ($125k) and Elm Grove Womans Club ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (26% of expenses). Other salaries and wages came to $92k. At year end it held assets of $94k against liabilities of $0, net assets of $94k. It reported 10 employees.