Portside New York Inc

Analysis

Portside New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Portside New York Inc reported income of $129k and spending of $150k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $129k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portside New York Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Far West Heritage Association ($129k), Abet Foundation Inc ($129k) and Los Angeles River Artists and Business Association ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.