Historic Hillsboro Downtown Partnership

Analysis

Historic Hillsboro Downtown Partnership is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in March 2015, 11 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 2022, Historic Hillsboro Downtown Partnership reported income of $404k and spending of $416k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $238k to $404k (+70%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Hillsboro Downtown Partnership sits at the 64th percentile: it is larger than about 64% 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 District 742 Local Education & Activities Foundation ($404k), Columbus Organizing Project ($404k) and Troy Local Development Corporation ($404k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $54k (13% of expenses). Other salaries and wages came to $105k. It paid $2,027 in professional fundraising fees. At year end it held assets of $6,349 against liabilities of $15k, net assets of -$8,651.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.