Portage Area United Fund Inc

Analysis

Portage Area United Fund Inc is a registered charity in United States, based in Portage, WI. It received its IRS tax-exemption ruling in October 1974, 52 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 December 2023, Portage Area United Fund Inc reported income of $50k and spending of $59k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $50k (+10%), an average of +10% 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, Portage Area United Fund Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within WI. Charities of a similar size with the same main cause include Memphis Speech & Hearing Center Inc ($50k), Birmingham Committee on Foreign Relations ($50k) and Mountain Home Spouses Club ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $64k against liabilities of $56k, net assets of $8,419.