Foundation for Portland Public Schools

Analysis

Foundation for Portland Public Schools is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 1992, 34 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 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 2024, Foundation for Portland Public Schools reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $421k to $1.4m (+239%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Portland Public Schools sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Akron Marathon Charitable Corporation ($1.4m), United Way of Richland County ($1.4m) and Methodist Home for Children Foundation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $118k (8.2% of expenses). Other salaries and wages came to $123k. At year end it held assets of $1.3m against liabilities of $77k, net assets of $1.2m.