Portulans Institute

Analysis

Portulans Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 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 2023, Portulans Institute reported income of $222k and spending of $380k, spending 171% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $310k to $222k (-28%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portulans Institute sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include Ecuadorian American Cultural Center Inc ($222k), Pleasant Street Civil Rights and Cultural Arts Center Inc ($222k) and Your Economic Success ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $122k (32% of expenses). At year end it held assets of $58k against liabilities of $38k, net assets of $20k.