Jordan Porco Foundation

Analysis

Jordan Porco Foundation is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Jordan Porco Foundation reported income of $437k and spending of $556k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $677k to $437k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jordan Porco Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Women Giving As One Inc ($437k), Teamsters Local 399 Charity Fund ($437k) and Friends of the Ellen M Leachmemorial Home ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $98k (18% of expenses). Other salaries and wages came to $231k. At year end it held assets of $2.0m against liabilities of $82k, net assets of $1.9m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.