The Portage Foundation

Analysis

The Portage Foundation is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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, The Portage Foundation reported income of $691k and spending of $657k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $567k to $691k (+22%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Portage Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include John Wayne Birthplace Society Ltd ($691k), Foothill Athletic Boosters Corporation ($691k) and Big Brothers-Big Sisters of the Bluegrass Inc ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $26k. At year end it held assets of $7.2m against liabilities of $1.4m, net assets of $5.7m. It reported 2 employees.