Culturebound

Analysis

Culturebound is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2024, Culturebound reported income of $144k and spending of $170k, spending 118% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $376k to $144k (-62%), an average of -18% a year. The sharpest change came in the year to August 2022, when income dropped by 47%. Over the whole period it spent 147% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Culturebound sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OR. Charities of a similar size with the same main cause include Asian Partners Inc ($144k), Truth Seekers Fellowship ($144k) and Eternal Impact Ministries ($144k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 70% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $55k (32% of expenses). Other salaries and wages came to $50k. At year end it held assets of $162k against liabilities of $68k, net assets of $95k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.