Cultivate Initiatives

Analysis

Cultivate Initiatives is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Cultivate Initiatives reported income of $5.3m and spending of $4.7m, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $5.0m to $5.3m (+7.0%), an average of +7.0% a year. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cultivate Initiatives sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include Back Bay Mission ($5.3m), Valley Rescue Mission Inc ($5.3m) and Foothill House of Hospitality ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $86k (1.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.4m against liabilities of $2.3m, net assets of $4.1m. It reported 59 employees.