Industry One
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE OWE BELIEVE IN THE TRANSFORMATIVE POWER OF CREATIVITY TO CHANGE THE WORLD. BUT TO MAKE THAT CHANGE, WE HAVE TO START WITH OUR ROOTS. INDUSTRY ONE IS THE MANIFESTATION OF CREATIVES COMING TOGETHER TO REVITALIZE OUR CITY THROUGH MORE THAN JUST ART. WE CREATE CHANGE THROUGH SELF EXPRESSION, PHOTOGRAPHY, FILM, FOOD, MUSIC, PERFORMANCE, AND EVERY FACET OF CREATIVITY THAT EXISTS. FOR ARTISTS. FOR PEOPLE. FOR PORTLAND.
- Income
- $949,543
- Spending
- $945,711
- Spent on programs
- 58%
- Reserves
- 0.1 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 44 out of 100. Higher than 13% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
4 of 35Spendable reserves would cover 0.1 months of spending.
Debt
5 of 20It owes 55% of what it owns.
Living within its means
12 of 15Income exceeded spending by 0% of income.
Income trend
15 of 15Income rose 1% on the year before.
Spending floor
8 of 1558% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 67 out of 100. Higher than 43% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
18 of 253 of 3 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.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, 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 (4)
- $23,904 spent. "INFINITE HUMAN" FEATURED THE WORK OF RAL URIAS, A CELEBRATED ARTIST FROM CHIHUAHUA, MEXICO. THE EXHIBITION BROUGHT TOGETHER TWO OF HIS COLLECTIONS, ARIDA AND MSTICA MONUMENTAL, IN A COHESIVE NARRATIVE EXPLORING HUMAN EXISTENCE, IDENTITY, AND THE INTERCONNECTEDNESS OF CULTURE AND THE SELF. THROUGH BOLD COLOR, INTRICATE COMPOSITION, AND SYMBOLIC STORYTELLING, URIAS'S WORK INVITED AUDIENCES TO REFLECT ON THEIR ORIGINS AND PERSONAL UNIVERSES.AS PART OF INDUSTRY ONE FOUNDATION'S COMMITMENT TO COMMUNITY ENRICHMENT AND ARTS EDUCATION, THE ORGANIZATION HOSTED A PRIVATE WORKSHOP LED BY URIAS FOR STUDENTS FROM WONDERFOLK, A YOUTH-LEADERSHIP ORGANIZATION THAT FOSTERS CREATIVITY, RESILIENCE, AND CULTURAL ENGAGEMENT. DURING THE SESSION, STUDENTS EXPLORED FOUNDATIONAL DRAWING TECHNIQUES, CREATIVE SELF-EXPRESSION, AND THE IMPORTANCE OF LEARNING THROUGH IMPERFECTION. URIAS ALSO SHARED HIS PERSONAL JOURNEYFROM ASPIRING COMIC BOOK ARTIST TO AN INTERNATIONALLY RECOGNIZED CREATIVE COLLABORATING WITH GLOBAL BRANDSOFFERING INSPIRATION AND MENTORSHIP TO THE NEXT GENERATION OF ARTISTS.
- $21,999 spent. "LET IT BE KNOWN" WAS CONCEIVED TO CELEBRATE AND HONOR THE ENDURING IMPACT OF BLACK ARTISTRY ON GLOBAL AND CULTURAL CONSCIOUSNESS. THE EXHIBITION SERVED AS BOTH RECOGNITION AND CELEBRATION OF THE BRILLIANCE, RESILIENCE, AND DEPTH OF BLACK CREATIVE EXPRESSION ACROSS DISCIPLINES.CURATED WITH INTENTIONALITY, THE EXHIBITION DESIGN EMPLOYED EXPANSIVE WHITE SPACE AS A SYMBOLIC AND LITERAL CANVAS, AMPLIFYING EACH ARTIST'S PRESENCE AND HIGHLIGHTING THE POWER OF THEIR WORK. THE SHOW FEATURED A DIVERSE ROSTER OF WORLD-RENOWNED AND LOCAL ARTISTS INCLUDING ROB LEWIS, CHRISTINE MILLER, BARRY JOHNSON, MIKEY COLEMAN, MILAN DAVIS, JAMES BULLOCK, NAOMI LIKAYI, NIA MUSIBA, AND PAOLA DE LA CRUZ.THROUGH THIS EXHIBITION, INDUSTRY ONE FOUNDATION PROVIDED A PUBLIC PLATFORM FOR DIALOGUE, CONNECTION, AND REFLECTIONUNDERSCORING ITS MISSION TO ELEVATE UNDERREPRESENTED VOICES AND FOSTER CULTURAL EXCHANGE THROUGH ART.
- $18,843 spent. IN COLLABORATION WITH MULTIDISCIPLINARY ARTIST GEORGINA TREVINO, INDUSTRY ONE FOUNDATION PRESENTED "ARTEFACTOS ALTERADOS", AN EXHIBITION THAT EXAMINED THE TRANSFORMATION OF FOUND MATERIALS INTO NEW FORMS OF MEANING AND BEAUTY. THE COLLECTION BLENDED ANTHROPOLOGY, CRAFTSMANSHIP, AND CONCEPTUAL ARTPOSITIONING TREVINO'S CREATIONS AS BOTH CULTURAL ARTIFACTS AND CONTEMPORARY STATEMENTS. EACH PIECE EMBODIED THE ARTIST'S EXPLORATION OF IDENTITY, SUSTAINABILITY, AND CREATIVE REUSE.TO EXTEND THE EXHIBITION'S EDUCATIONAL IMPACT, INDUSTRY ONE HOSTED TWO HANDS-ON COMMUNITY WORKSHOPS LED BY TREVINO.THE FIRST WORKSHOP INVITED 18 PARTICIPANTS TO DESIGN AND CREATE CUSTOM JEWELRY AND ACCESSORIES USING SMALL-BATCH MATERIALS AND FOUND OBJECTS PROVIDED BY THE ARTIST.THE SECOND WORKSHOP ENGAGED 12 PARTICIPANTS IN CUSTOMIZING A PAIR OF CONVERSE SHOES, INTEGRATING TREVINO'S DISTINCTIVE FOUND OBJECTS AND JEWELRY ELEMENTS TO ENCOURAGE SELF-EXPRESSION THROUGH WEARABLE ART. THESE WORKSHOPS OFFERED PARTICIPANTS AN IMMERSIVE LEARNING EXPERIENCE AND REINFORCED INDUSTRY ONE FOUNDATION'S MISSION TO FOSTER CREATIVITY, COLLABORATION, AND ACCESSIBILITY WITHIN THE ARTS COMMUNITY.
- $487,372 spent. VARIOUS OTHER SHOWS AND PROGRAMMING THROUGHOUT THE YEAR.
Source: Form 990 for the year ending December 31, 2024, 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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 7, 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.