Portsmouth Schools Foundation

Analysis

Portsmouth Schools Foundation is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2023, Portsmouth Schools Foundation reported income of $90k and spending of $120k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $155k to $90k (-42%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portsmouth Schools Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Hamburg Nursery School Inc ($90k), Avon Grove Charter School ($90k) and Mississippi Cattlemens Foundation Inc ($90k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $43k (36% of expenses). At year end it held assets of $382k against liabilities of $259, net assets of $382k.