Portage Center for the Arts Inc

Analysis

Portage Center for the Arts Inc is a registered charity in United States, based in Portage, WI. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Portage Center for the Arts Inc reported income of $222k and spending of $170k, leaving 24% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $151k to $222k (+47%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 243%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portage Center for the Arts Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Alliance for Historic Hillsborough ($222k), Paramount Health Data Project Inc ($222k) and Beaumont Civic Ballet ($222k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 40% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $28k (16% of expenses). Other salaries and wages came to $2,065. At year end it held assets of $1.2m against liabilities of $1,377, net assets of $1.2m. It reported 3 employees.