Portal Inc

Analysis

Portal Inc is a registered charity in United States, based in Grafton, WI. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Portal Inc reported income of $1.7m and spending of $2.1m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.7m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Portal Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Lake Worth West Resident Planning Group Inc ($1.7m), Rocky Mountain Minority Supplier Development Council ($1.7m) and Boost Collaborative ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $90k (4.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $265k, net assets of $2.1m. It reported 62 employees.