Peoples Portfolio Inc

Analysis

Peoples Portfolio Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in August 2013, 13 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 December 2023, Peoples Portfolio Inc reported income of $50k and spending of $197k, spending 392% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $574k to $50k (-91%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peoples Portfolio Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include American Friends of the National Ballet of Canada Inc ($50k), Jackson County Community Theatre Inc ($50k) and Tioga Point Museum Assn ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $237k against liabilities of $99k, net assets of $139k.