Portico Inc

Analysis

Portico Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Portico Inc reported income of $1.5m and spending of $667k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $555k to $1.5m (+177%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Portico Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Healthy Families of Clallam County ($1.5m), Reach for Tomorrow Inc ($1.5m) and Aero Skagit Emergency Services Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $55k (8.3% of expenses). Other salaries and wages came to $250k. At year end it held assets of $2.9m against liabilities of $21k, net assets of $2.9m. It reported 13 employees.