Portage Development Board

Analysis

Portage Development Board is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Portage Development Board reported income of $366k and spending of $328k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $366k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portage Development Board sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Ars Nova Chamber Singers Inc ($366k), Arroyo Crossing ($366k) and Louisville Deaf Oral School Foundation ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $97k (30% of expenses). Other salaries and wages came to $100k. At year end it held assets of $564k against liabilities of $2,436, net assets of $561k. It reported 4 employees.