Portland Community Media

Analysis

Portland Community Media is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Community Media reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Community Media sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Jamaica Center for Arts and Learning Inc ($3.6m), The Palm Beach Symphony Society Inc ($3.6m) and Irving S Gilmore International Keyboard Festival ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $547k (15% of expenses). Other salaries and wages came to $740k. At year end it held assets of $5.6m against liabilities of $1.6m, net assets of $4.0m. It reported 52 employees.