Port Resources

Analysis

Port Resources is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Port Resources reported income of $13.7m and spending of $13.4m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.9m to $13.7m (+6.0%), an average of +1.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port Resources sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Crisis Center Inc ($13.7m), Emberhope Inc ($13.7m) and Coachella Valley Rescue Mission ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Other salaries and wages came to $8.3m. At year end it held assets of $6.5m against liabilities of $3.9m, net assets of $2.5m. It reported 14 employees.