Portal to Hope

Analysis

Portal to Hope is a registered charity in United States, based in Salisbury, MA. It received its IRS tax-exemption ruling in January 2004, 22 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 September 2023, Portal to Hope reported income of $370k and spending of $321k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $313k to $370k (+18%), an average of +4.3% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Portal to Hope sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Upper Arlington Civic Association ($370k), Homosassa Civic Club Inc ($370k) and American Association of Retiredasians ($370k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $235k. At year end it held assets of $254k against liabilities of $0, net assets of $254k. It reported 17 employees.