Multnomah Art Center Association

Analysis

Multnomah Art Center Association is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Multnomah Art Center Association reported income of $121k and spending of $95k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $101k to $121k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Multnomah Art Center Association sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Sweet Adelines International ($121k), Uluhao O Hualalai ($121k) and Cherokee Art Endowment Corporation ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $374k against liabilities of $12k, net assets of $362k.