Portal Houston Inc

Analysis

Portal Houston Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Portal Houston Inc reported income of $87k and spending of $55k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $105k to $87k (-17%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Portal Houston Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include 52 Kids Foundation Inc ($87k), Community First ($87k) and The Happy Crew ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $482k against liabilities of $241k, net assets of $241k.