Mainspring Portland

Analysis

Mainspring Portland is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Mainspring Portland reported income of $348k and spending of $350k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $279k to $348k (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2020, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mainspring Portland 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 64th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include Rockland Opportunity Development Assoc Inc ($348k), Monkey Tail Ranch ($348k) and Hackettstown Business Improvement District Inc ($348k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $124k (35% of expenses). Other salaries and wages came to $72k. At year end it held assets of $2.1m against liabilities of $1, net assets of $2.1m. It reported 5 employees.