Porch Inc

Analysis

Porch Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Porch Inc reported income of $256k and spending of $106k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $6,194 to $256k (+4037%), an average of +543% a year. The sharpest change came in the year to December 2022, when income rose by 2133%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Porch Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Hoina-Homes of the Indian Nation ($256k), Family Promise of Metro East ($256k) and Foundation for Houston Achievement Place ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $228k against liabilities of $0, net assets of $228k.