Heart of Portillos Foundation Inc

Analysis

Heart of Portillos Foundation Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heart of Portillos Foundation Inc reported income of $359k and spending of $165k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $349k to $359k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of Portillos Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Domestic Violence Intervention Inc ($359k), Macomb County Veterans Food Bank ($359k) and Friends of the Family Ministries ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $882k against liabilities of $0, net assets of $882k.