Porters Group Inc

Analysis

Porters Group Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in April 2009, 17 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, Porters Group Inc reported income of $487k and spending of $535k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $487k (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Porters Group Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Beyond Limits Inc ($487k), East Phillips Neighborhood Institute ($487k) and Team Services Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $18k (3.4% of expenses). Other salaries and wages came to $194k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 13 employees.