Portage Resale Shop Inc

Analysis

Portage Resale Shop Inc is a registered charity in United States, based in Portage, IN. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portage Resale Shop Inc reported income of $197k and spending of $175k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $197k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Portage Resale Shop Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Scappoose Senior Citizens ($197k), Family Center of Grosse Pointe & Harper Woods ($197k) and Highland Council for the Deaf ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $57k (33% of expenses). At year end it held assets of $312k against liabilities of $0, net assets of $312k. It reported 1 employees.