Porters Daycare and Educational Center

Analysis

Porters Daycare and Educational Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Porters Daycare and Educational Center reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $2.8m (+7.7%), an average of +1.5% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Porters Daycare and Educational Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Lee Academy of Bishopville Inc ($2.8m), Emergency Food Pantry Inc ($2.8m) and Particular Council of Jackson ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $130k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $989k against liabilities of $667k, net assets of $322k. It reported 54 employees.