Peoples Port Authority

Analysis

Peoples Port Authority is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Peoples Port Authority reported income of $204k and spending of $176k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $204k (+8.0%), an average of +8.0% a year. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peoples Port Authority sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Refuli Inc ($204k), Ruths Way ($204k) and NDSC Foundation Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (46% of expenses). Other salaries and wages came to $39k. At year end it held assets of $139k against liabilities of $0, net assets of $139k. It reported 2 employees.