Alberta Abbey Foundation

Analysis

Alberta Abbey Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2015, 11 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 December 2023, Alberta Abbey Foundation reported income of $1.1m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $1.1m (+252%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alberta Abbey Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Tuesday Musical Association ($1.1m), Haight Street Art Center ($1.1m) and Indianapolis Film Project Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $434k. At year end it held assets of $110k against liabilities of $398k, net assets of -$288k. It reported 41 employees.

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.