Nordic Northwest

Analysis

Nordic Northwest is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 1986, 40 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 March 2024, Nordic Northwest reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 6 years on record, from February 2020 to March 2024, income grew from $1.3m to $1.8m (+36%), an average of +6.3% a year. The sharpest change came in the year to March 2023, when income rose by 4037%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nordic Northwest sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OR. Charities of a similar size with the same main cause include Florida Theatrical Assocation Inc ($1.8m), Canton Symphony Orchestra Association ($1.8m) and Moonbox Productions Inc ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 50% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $156k (9.7% of expenses). Other salaries and wages came to $517k. It paid $2,818 in professional fundraising fees. At year end it held assets of $8.4m against liabilities of $239k, net assets of $8.2m. It reported 14 employees.