Portland Opera Association Inc

Analysis

Portland Opera Association Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1965, 61 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 June 2023, Portland Opera Association Inc reported income of $6.3m and spending of $8.7m, spending 138% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income grew from $5.4m to $6.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 116% 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 Opera Association Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Signature Theatre Company ($6.3m), Academy of Vocal Arts ($6.3m) and Science Center of Iowa ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $294k (3.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $20.8m against liabilities of $8.0m, net assets of $12.8m. It reported 403 employees.