Portsmouth United for Education Inc

Analysis

Portsmouth United for Education Inc is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Portsmouth United for Education Inc reported income of $417k and spending of $390k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $670k to $417k (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portsmouth United for Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Happy Haven Homes Inc ($417k), Albuquerque United Football Club Ltd ($417k) and West Liberty Community Center Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 12% of the total. At year end it held assets of $485k against liabilities of $12k, net assets of $473k.