Portland Youth Philharmonic Association

Analysis

Portland Youth Philharmonic Association is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1926, 100 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 May 2023, Portland Youth Philharmonic Association reported income of $1.6m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.1m to $1.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to May 2020, when income rose by 20%. Over the whole period it spent 87% 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 Youth Philharmonic Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Nevada Rural Counties RSVP Program Inc ($1.6m), National Civic Art Society ($1.6m) and 3arts Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $225k (14% of expenses). Other salaries and wages came to $499k. At year end it held assets of $5.2m against liabilities of $187k, net assets of $5.0m. It reported 32 employees.