Port City Makerspace

Analysis

Port City Makerspace is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Port City Makerspace reported income of $251k and spending of $170k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $215k to $251k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port City Makerspace sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within NH. Charities of a similar size with the same main cause include Vegmichigan ($251k), Marthas Kitchen ($251k) and Power Atlanta Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $49k. At year end it held assets of $316k against liabilities of $4,406, net assets of $312k. It reported 1 employees.