Porchfest DC

Analysis

Porchfest DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Porchfest DC reported income of $88k and spending of $84k, spending 96% of its income. Across the 2 years on record, from December 2018 to December 2022, income grew from $1,700 to $88k (+5067%), an average of +5068% a year. The sharpest change came in the year to December 2022, when income rose by 5067%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Porchfest DC sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 17th percentile within DC. Charities of a similar size with the same main cause include Garden State Scholastic Esports ($88k), Kauai Concert Association ($88k) and Austin Rainbow Theatre ($88k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.