Portage County Business Council Foundation Inc

Analysis

Portage County Business Council Foundation Inc is a registered charity in United States, based in Stevens Point, WI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Portage County Business Council Foundation Inc reported income of $187k and spending of $212k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $187k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portage County Business Council Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include New Hope Vocational Technical Institute Inc ($187k), Visalia Breakfast Rotary Community Support Association ($187k) and Mount Olive Bible Institute and Seminary Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 50% of the total. Other salaries and wages came to $52k. At year end it held assets of $668k against liabilities of $41k, net assets of $626k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.