Portland Opportunities Industrialization Center Inc

Analysis

Portland Opportunities Industrialization Center Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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 Opportunities Industrialization Center Inc reported income of $21.7m and spending of $21.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $21.7m (+111%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Opportunities Industrialization Center Inc sits at the 98th percentile: it is larger than about 98% of them. 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 New Hanover County Financing Corporation ($21.7m), St Anthonys Hospital Association ($21.8m) and Family Y Young Mens Christian Assoc-Ywca of the Csra Inc ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $734k (3.5% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $10.5m against liabilities of $5.6m, net assets of $4.9m. It reported 230 employees.