Port Ministries

Analysis

Port Ministries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover human services, 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, Port Ministries reported income of $616k and spending of $754k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $616k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port Ministries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Pinnacle Alpine Ski Racing Club ($616k), Rescue Fund ($616k) and Cradle of Hope ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (10% of expenses). Other salaries and wages came to $313k. At year end it held assets of $743k against liabilities of $2,278, net assets of $741k. It reported 16 employees.