Porchlight Foundation Inc

Analysis

Porchlight Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Porchlight Foundation Inc reported income of $71k and spending of $14k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $301k to $71k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 9.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Porchlight Foundation Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include San Diego Rescue Mission Foundation ($70k), Westhampton Senior Housing Inc ($71k) and McDowell County Housing Action Network ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $364k against liabilities of $14k, net assets of $351k.