Portland Institute for Contemporary Art
Public records show a registered, tax-exempt organization in good standing.
What it says it does
PICA ACKNOWLEDGES AND ADVANCES THE EMERGING IDEAS IN ART BY FOSTERING THE CREATIVE EXPLORATIONS OF CONTEMPORARY ARTISTS.
- Income
- $2.0 million
- Spending
- $2.5 million
- Spent on programs
- 76%
- Reserves
- -1.2 months of spending
- Largest source of income
- donations and private grants, 84%
- Employees
- 61
- Volunteers
- 18
- Highest pay
- $114,338, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 25 out of 100. Higher than 2% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 52% of what it owns.
Living within its means
0 of 15Spending exceeded income by 23% of income.
Income trend
5 of 15Income fell 16% on the year before.
Spending floor
15 of 1576% of spending went to programs and raising each dollar of donations cost 18 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 74 out of 100. Higher than 24% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2514 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.9 million spent. THROUGH EXHIBITIONS, PERFORMANCES, ARTIST RESIDENCIES AND EDUCATIONAL PROGRAMS, PORTLAND INSTITUTE FOR CONTEMPORARY ART (PICA) ENABLES ARTISTS AND AUDIENCES ALIKE TO PUSH THE LIMITS OF ARTISTIC EXPRESSION AND EXPLORE PROVOCATIVE NEW IDEAS THAT ILLUMINATE LIFE IN THE HERE AND NOW. PICA SUPPORTS THIS MISSION THROUGH DYNAMIC PROGRAMMING, AN UNWAVERING COMMITMENT TO ARTISTS, AND A CLEAR VISION OF THE IMPORTANCE OF THE ARTS IN THE LIVES OF INDIVIDUALS AND OF THE COMMUNITY AT LARGE. PICA CHAMPIONS CREATIVE EXPLORATION, LEADS THE CURIOUS IN DEEPENING THEIR UNDERSTANDING OF ART AND IDEAS, AND SUPPORTS THE AESTHETIC RISK-TAKING THAT CHALLENGES BOTH ARTISITS AND AUDIENCES WITH NEW WAYS OF SEEING, REPRESENTING AND RESPONDING TO CONTEMPORARY LIFE.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.