Portland Community Reinvestment Initiatives Inc

Analysis

Portland Community Reinvestment Initiatives Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2022, Portland Community Reinvestment Initiatives Inc reported income of $8.8m and spending of $8.6m, spending 97% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $9.5m to $8.8m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Community Reinvestment Initiatives Inc 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 95th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Catholic Charities of the Rio Grande Valley ($8.8m), Hospice of the Western Reserve Foundation ($8.8m) and The Guardian Foundation Inc ($8.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 25% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $226k (2.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $37.8m against liabilities of $16.0m, net assets of $21.8m. It reported 48 employees.