Porter-Leath Early Childhood Foundation

Analysis

Porter-Leath Early Childhood Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Porter-Leath Early Childhood Foundation reported income of $128k and spending of $157k, spending 123% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $629k to $128k (-80%), an average of -33% a year. The sharpest change came in the year to April 2021, when income rose by 188%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Porter-Leath Early Childhood Foundation 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 43rd percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Procyon Strong Foundation Inc ($128k), Friends of Wayne County Fair ($128k) and Santa Fe Downtown Kiwanis Foundation ($128k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $4.5m against liabilities of $975, net assets of $4.5m.