Portola Magnet Program for Academic Excellence

Analysis

Portola Magnet Program for Academic Excellence is a registered charity in United States, based in Tarzana, CA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 June 2024, Portola Magnet Program for Academic Excellence reported income of $103k and spending of $63k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $71k to $103k (+45%), an average of +45% a year. The sharpest change came in the year to June 2024, when income rose by 45%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portola Magnet Program for Academic Excellence 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 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Crescenta Valley United Methodist Foundation ($103k), New Music Circle ($103k) and Christian Endeavor International ($103k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.