Portland Va Research Foundation Inc

Analysis

Portland Va Research Foundation Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portland Va Research Foundation Inc reported income of $9.7m and spending of $10.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $9.7m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 97% 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 Va Research Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Vermont Council on the Arts Inc ($9.7m), Catalyst Connection ($9.7m) and Northlight Theatre Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $150k (1.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $12.2m against liabilities of $699k, net assets of $11.5m. It reported 142 employees.