Friends of Portland Adult Education

Analysis

Friends of Portland Adult Education is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 2012, 14 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, Friends of Portland Adult Education reported income of $224k and spending of $189k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $279k to $224k (-20%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Portland Adult Education sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include The Homestead Co-Op ($224k), Marine Science and Nauticaltraining Academy ($224k) and Ceed Center for Environmental Education and Discovery Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $507k against liabilities of $9,000, net assets of $498k.