Centro Cultural de Condado de Washington

Analysis

Centro Cultural de Condado de Washington is a registered charity in United States, based in Cornelius, OR. It received its IRS tax-exemption ruling in August 1975, 51 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, Centro Cultural de Condado de Washington reported income of $12.1m and spending of $10.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $12.1m (+586%), an average of +62% a year. The sharpest change came in the year to June 2021, when income rose by 328%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centro Cultural de Condado de Washington sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include The Carey School ($12.1m), Pulitzer Center on Crisis Reporting ($12.1m) and L I F E Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $113k (1.1% of expenses). Other salaries and wages came to $3.5m. It paid $24k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $813k, net assets of $8.8m. It reported 95 employees.