The Porter Academy Inc

Analysis

The Porter Academy Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Porter Academy Inc reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.5m to $1.6m (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Porter Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Home Builders Foundation of Metropolitan Denver ($1.6m), Ivy Academy ($1.6m) and Nixyaawii Community School Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $388k, net assets of $1.1m. It reported 25 employees.