Portman Recreation Association

Analysis

Portman Recreation Association is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1977, 49 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Portman Recreation Association reported income of $94k and spending of $92k, spending 98% of its income. Across the 2 years on record, from March 2023 to March 2024, income fell from $139k to $94k (-32%), an average of -32% a year. The sharpest change came in the year to March 2024, when income dropped by 32%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portman Recreation Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include PTA South Carolina Congress ($94k), Virginia Congress of Parents and Teachers ($94k) and Clifford Craig Bledsoe Memorial Foundation ($94k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 69% and program service revenue 33% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k. It reported 1 employees.