Cumberland Community Events Center

Analysis

Cumberland Community Events Center is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Cumberland Community Events Center reported income of $94k and spending of $13k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $94k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cumberland Community Events Center sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OR. Charities of a similar size with the same main cause include Instituto Internacional de Literatura Iberoamericana ($94k), Solo Opera ($94k) and University Club Foundation Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $461k against liabilities of $136k, net assets of $325k.