Portland Summerfest

Analysis

Portland Summerfest is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2004, 22 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 September 2023, Portland Summerfest reported income of $80k and spending of $74k, spending 92% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $63k to $80k (+28%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Summerfest sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within OR. Charities of a similar size with the same main cause include Randolph Heritage Conservancy Inc ($80k), Art Sphere Inc ($80k) and Hello Happiness Creativity Center ($80k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.