Portico Education Foundation

Analysis

Portico Education Foundation is a registered charity in United States, based in Farmers Branch, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Portico Education Foundation reported income of $6.3m and spending of $6.4m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.4m to $6.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portico Education Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Creative Arts Charter School ($6.3m), Uw-Platteville Real Estate Foundation Inc ($6.3m) and Fairfax University of America ($6.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $3.9m against liabilities of $2.1m, net assets of $1.8m. It reported 103 employees.