Porter-Leath

Analysis

Porter-Leath is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1951, 75 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 June 2023, Porter-Leath reported income of $30.2m and spending of $31.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $44.3m to $30.2m (-32%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 39%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Porter-Leath sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Alabama Forest Resources Center Inc ($30.2m), North Jersey AIDS Alliance Inc ($30.3m) and Improving Economies for Stronger Communities ($30.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $747k (2.4% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $47.8m against liabilities of $2.2m, net assets of $45.6m. It reported 487 employees.