Portland Rose Festival Foundation

Analysis

Portland Rose Festival Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Portland Rose Festival Foundation reported income of $3.8m and spending of $4.4m, spending 116% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $3.7m to $3.8m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to October 2022, when income rose by 338%. Over the whole period it spent 92% 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 Rose Festival Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Society of the Cincinnati ($3.8m), Flower Hill Institute ($3.8m) and Lowell Observatory Foundation ($3.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.0% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $198k (4.5% of expenses). Other salaries and wages came to $962k. At year end it held assets of $3.7m against liabilities of $201k, net assets of $3.5m. It reported 47 employees.