Porchlight Inc

Analysis

Porchlight Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Porchlight Inc reported income of $9.2m and spending of $8.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $9.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Porchlight Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Lester and Rosalie Anixter Center ($9.2m), Seventy-Five State Street ($9.2m) and Elm Crest Manor ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $161k (1.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $22.6m against liabilities of $4.7m, net assets of $17.8m. It reported 121 employees.