Porto Charities Inc

Analysis

Porto Charities Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 2009, 17 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, Porto Charities Inc reported income of $445k and spending of $301k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $251k to $445k (+77%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Porto Charities Inc 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 68th percentile within VA. Charities of a similar size with the same main cause include Massachusetts Elks Charitable TR ($444k), Greene County United Way Inc ($445k) and Little Sisters of Mary Immaculate of Gulu Lsmig ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $76k (25% of expenses). At year end it held assets of $467k against liabilities of $9,078, net assets of $458k. It reported 1 employees.