Portland Gay Mens Chorus Inc

Analysis

Portland Gay Mens Chorus Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1982, 44 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 August 2023, Portland Gay Mens Chorus Inc reported income of $774k and spending of $788k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $457k to $774k (+69%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Gay Mens Chorus Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OR. Charities of a similar size with the same main cause include Racing Industry Charitable Foundation Inc ($774k), Jordan Evangelical Theological Seminary Inc ($774k) and Long Bay Symphonic Society Ltd ($774k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $153k. At year end it held assets of $440k against liabilities of $104k, net assets of $336k. It reported 5 employees.