Portsmouth Service League Incorporated

Analysis

Portsmouth Service League Incorporated is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in June 1958, 68 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Portsmouth Service League Incorporated reported income of $110k and spending of $8,717, leaving 92% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $18k to $110k (+519%), an average of +84% a year. The sharpest change came in the year to May 2021, when income dropped by 364%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Portsmouth Service League Incorporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Delray Rocks Youth Football and Cheerleading Organization Inc ($110k), United Way of Sullivan County Inc ($110k) and Tech NYC Foundation ($110k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $1.9m against liabilities of $537k, net assets of $1.4m.