Portsmouth & Chesapeake Area Foundation

Analysis

Portsmouth & Chesapeake Area Foundation is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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, Portsmouth & Chesapeake Area Foundation reported income of $239k and spending of $125k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $239k (+158%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 2105%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portsmouth & Chesapeake Area Foundation 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 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Sun City Center Security Patrol Inc ($239k), Preston Royal Preschool ($239k) and Eastern National Forests Interpretive Association ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.