Friends of Portola Inc

Analysis

Friends of Portola Inc is a registered charity in United States, based in Tarzana, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Friends of Portola Inc reported income of $94k and spending of $109k, spending 116% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $108k to $94k (-12%), an average of -12% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Portola Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($94k), Camille Goblet Foundation ($94k) and Lauder Institute Alumni Association Inc ($94k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 55% and program service revenue 50% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.