Portsmouth Community Concerts Inc

Analysis

Portsmouth Community Concerts Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2024, Portsmouth Community Concerts Inc reported income of $73k and spending of $71k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $64k to $73k (+13%), an average of +6.4% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portsmouth Community Concerts Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Red Star Pilots Association ($73k), Greenville Youth Chorale ($73k) and American Friends of Uppsala University ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.