Portland Ultimate

Analysis

Portland Ultimate is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Portland Ultimate reported income of $519k and spending of $526k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $519k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Portland Ultimate sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OR. Charities of a similar size with the same main cause include Gymnastics Inc ($519k), Elkhart Festivals Inc ($519k) and Whatcom County Youth Soccer Association ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $130k. At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 21 employees.