Portland State University Foundation

Analysis

Portland State University Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 1964, 62 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 State University Foundation reported income of $38.7m and spending of $27.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.2m to $38.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland State University Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Essential Access Health ($38.6m), Rural Health Services Consortium Inc ($38.7m) and Lifenet Inc ($38.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.2m (4.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $174.4m against liabilities of $7.9m, net assets of $166.5m. It reported 83 employees.