Portland Streetcar Inc

Analysis

Portland Streetcar Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Streetcar Inc reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Portland Streetcar Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Community Care in Union County Inc ($1.5m), Employee Connections ($1.5m) and Next Step Learning Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $194k (12% of expenses). Other salaries and wages came to $581k. At year end it held assets of $1.3m against liabilities of $627k, net assets of $669k. It reported 20 employees.