Portland Rotary Charitable Trust

Analysis

Portland Rotary Charitable Trust is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1951, 75 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Portland Rotary Charitable Trust reported income of $297k and spending of $366k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $704k to $297k (-58%), an average of -19% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Portland Rotary Charitable Trust sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Act Now Education Organization Inc ($297k), Main Street Jasper Inc ($297k) and Virginia Highland District Association Inc ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $4.3m against liabilities of $129k, net assets of $4.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.