Portledge School

Analysis

Portledge School is a registered charity in United States, based in Locust Valley, NY. It received its IRS tax-exemption ruling in February 1951, 75 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Portledge School reported income of $26.9m and spending of $25.2m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $22.8m to $26.9m (+18%), an average of +3.4% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portledge School 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Army Emergency Relief ($26.9m), Barc Developmental Services Incorporated ($27.0m) and Manhattan Institute for Policy Research Inc ($26.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.5m (9.8% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $39.1m against liabilities of $17.2m, net assets of $21.9m. It reported 216 employees.