Community Music Center

Analysis

Community Music Center is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1966, 60 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Music Center reported income of $186k and spending of $104k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $246k to $186k (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Music Center sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OR. Charities of a similar size with the same main cause include Carpinteria Community Theatre Inc ($186k), Foundation for Critical Thinking ($186k) and Opera in Williamsburg Inc ($186k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 1.9% of the total. At year end it held assets of $3.5m against liabilities of $1,058, net assets of $3.5m.