Portland Foundation Inc

Analysis

Portland Foundation Inc is a registered charity in United States, based in Portland, IN. It received its IRS tax-exemption ruling in August 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portland Foundation Inc reported income of $3.7m and spending of $1.1m, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.7m (+179%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 258%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Portland Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Dakota Medical Charities ($3.7m), Nfa Foundation Inc ($3.7m) and Eagle Mount - Bozeman ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $66k (5.9% of expenses). Other salaries and wages came to $39k. At year end it held assets of $24.4m against liabilities of $973k, net assets of $23.4m. It reported 3 employees.