Precipitation Northwest

Analysis

Precipitation Northwest is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Precipitation Northwest reported income of $169k and spending of $104k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $203k to $169k (-17%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Precipitation Northwest sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OR. Charities of a similar size with the same main cause include Aberdeen Revitalization Movement ($168k), Phelps Business Development &tourism Council Inc ($169k) and LA Jolla Kiwanis Foundation ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 4.9% of the total. At year end it held assets of $166k against liabilities of $56, net assets of $166k.