Port City Enterprises Inc

Analysis

Port City Enterprises Inc is a registered charity in United States, based in Port Allen, LA. It received its IRS tax-exemption ruling in April 1969, 57 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, Port City Enterprises Inc reported income of $742k and spending of $803k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $802k to $742k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port City Enterprises Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Pittsburgh Elite Aquatics ($742k), Black Music Entrepreneurship Incubator ($743k) and Severson Dells Educational Foundation ($742k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $444k. At year end it held assets of $589k against liabilities of $24k, net assets of $566k. It reported 76 employees.