Portland Open Studios

Analysis

Portland Open Studios is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portland Open Studios reported income of $51k and spending of $73k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $51k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 104% 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 Open Studios sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within OR. Charities of a similar size with the same main cause include Denton Festival Foundation Inc ($51k), Friends of the Marengo Big Springs Old Town Church ($51k) and Interact Theatre Company ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.