Portland 5 Centers for the Arts Foundation

Analysis

Portland 5 Centers for the Arts Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 1993, 33 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 5 Centers for the Arts Foundation reported income of $120k and spending of $147k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $54k to $120k (+122%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 481%. Over the whole period it spent 101% 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 5 Centers for the Arts Foundation 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 41st percentile within OR. Charities of a similar size with the same main cause include Jacques Marchais Center of Tibetan Arts Inc ($120k), Concord Chamber Music Society Inc ($120k) and Metro Theater Center Foundation ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $2, net assets of $99k.