Oregon Museum of Science and Industry

Analysis

Oregon Museum of Science and Industry is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1949, 77 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 2024, Oregon Museum of Science and Industry reported income of $22.9m and spending of $25.6m, spending 112% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $16.9m to $22.9m (+35%), an average of +7.9% a year. The sharpest change came in the year to May 2022, when income rose by 42%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oregon Museum of Science and Industry 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 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Technology Review Inc ($22.9m), Connecticut Public Broadcasting Inc ($22.9m) and American Center for Physics Inc ($22.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 25% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $572k (2.2% of expenses). Other salaries and wages came to $9.1m. It paid $125k in professional fundraising fees. At year end it held assets of $67.3m against liabilities of $22.1m, net assets of $45.1m. It reported 358 employees.