Portals

Analysis

Portals is a registered charity in United States, based in Washington, MO. It received its IRS tax-exemption ruling in March 2005, 21 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, Portals reported income of $71k and spending of $65k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $71k (+25%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Portals sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MO. Charities of a similar size with the same main cause include Walla Walla Exchange Club Foundation ($71k), Livestock Master Foundation ($71k) and Wealthygen ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.