Port Arthur Education Foundation Inc

Analysis

Port Arthur Education Foundation Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Port Arthur Education Foundation Inc reported income of $87k and spending of $86k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $964k to $87k (-91%), an average of -45% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Port Arthur Education Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Kid Rock Foundation ($87k), Duranno Father School USA ($87k) and Jacksonville Leadership & Education Advancement & Development ($87k).

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 $53k against liabilities of $0, net assets of $53k.