Portland Metro Arts

Analysis

Portland Metro Arts is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Portland Metro Arts reported income of $415k and spending of $417k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $389k to $415k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Metro Arts sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Charter Oak State College Foundation Inc ($415k), North Carolina Master Chorale ($415k) and Kansas Global Trade Services ($415k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $37k (8.9% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of -$8,845. It reported 23 employees.