Port Washington Education Foundation

Analysis

Port Washington Education Foundation is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Washington Education Foundation reported income of $210k and spending of $177k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $246k to $210k (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Port Washington Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include The Rachel Molly Markoff Foundation ($210k), A Chance for Therapy Inc ($210k) and Ranger Junior College Foundation Inc ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $534k against liabilities of $0, net assets of $534k.