Portland Art Museum

Analysis

Portland Art Museum is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 1938, 88 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 June 2023, Portland Art Museum reported income of $29.7m and spending of $21.7m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.0m to $29.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 68% 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 Art Museum sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Remember the Alamo Foundation ($29.7m), Atlanta Hall Management Inc ($29.7m) and California Association for Research in Astronomy ($29.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $985k (4.5% of expenses). Other salaries and wages came to $8.6m. It paid $567k in professional fundraising fees. At year end it held assets of $211.1m against liabilities of $12.1m, net assets of $199.1m. It reported 215 employees.