Port Arthur Higher Education Foundation Inc

Analysis

Port Arthur Higher Education Foundation Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Port Arthur Higher Education Foundation Inc reported income of $298k and spending of $341k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $749k to $298k (-60%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Port Arthur Higher Education Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Education Foundation for Lockhart Isd ($298k), Jackson Christian Early Learning Centers Inc ($298k) and Giving Tree School Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 2.0% of the total. Other salaries and wages came to $20k. At year end it held assets of $8.0m against liabilities of $14k, net assets of $8.0m. It reported 1 employees.