Porticus North America Foundation
Porticus North America Foundation consistently grows assets with low expenses and no reported officer compensation.
EIN: 133005012 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30M |
| Net Assets | $30.4M |
| Transparency Score | 92/100 |
Is Porticus North America Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Porticus North America Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Porticus North America Foundation
Porticus North America Foundation (EIN: 133005012) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.3M and total assets of $33.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Porticus North America Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Porticus North America Foundation is a mid-size nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$5.4M |
| Total Assets | $30.4M |
| Total Liabilities | $1 |
| Net Assets | $30.4M |
| Operating Margin | 76.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 221.6 months |
Financial Health Grade: A
In 2023, Porticus North America Foundation reported a surplus of $5.4M with revenue exceeding expenses, holds 221.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Porticus North America Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +215.5% | -17.9% | +9.6% |
| 2022 | -16.0% | +22.5% | -18.8% |
| 2021 | -53.0% | -1.4% | +6.2% |
| 2020 | +75.4% | +4.0% | +46.0% |
| 2019 | +2335.8% | +729.3% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Porticus North America Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Porticus North America Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of this asset size ($30M+).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Porticus North America Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
- Unusually low liabilities ($1) consistently reported, which might indicate a specific accounting practice or structure that warrants further investigation for full financial context.
Strengths
The following positive indicators were identified for Porticus North America Foundation:
- Consistent asset growth, reaching over $30 million in 2023.
- Remarkably low and stable expenses relative to revenue, indicating strong financial management.
- Consistently reported 0% officer compensation, suggesting a high dedication of funds to mission.
- Very low liabilities, indicating a strong balance sheet and minimal debt.
- Positive revenue trends in recent years, demonstrating financial sustainability.
Frequently Asked Questions about Porticus North America Foundation
Is Porticus North America Foundation a legitimate charity?
Porticus North America Foundation (EIN: 133005012) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Porticus North America Foundation spend its money?
Porticus North America Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Porticus North America Foundation tax-deductible?
Porticus North America Foundation is registered as a tax-exempt nonprofit (EIN: 133005012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Porticus North America Foundation CEO make?
Porticus North America Foundation's highest-compensated officer earns $30M annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Porticus North America Foundation's spending goes to programs?
Porticus North America Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Porticus North America Foundation located?
Porticus North America Foundation is headquartered in New York, New York and files with the IRS under EIN 133005012.
How many years of IRS 990 filings does Porticus North America Foundation have?
Porticus North America Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
How does Porticus North America Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive functions may be performed by volunteers, or compensated through an affiliated entity, or that the foundation's structure does not involve paid officers in the traditional sense. This is a significant operational model for an organization with over $30 million in assets.
What is the primary source of Porticus North America Foundation's revenue?
While the provided data shows fluctuating revenue, including a high of $8,247,035 in 2011 and $7,055,890 in 2023, the specific sources (e.g., grants, investments, donations) are not detailed in this summary. Given the asset growth, investment income could be a significant factor, alongside contributions.
What are the specific programs or initiatives funded by Porticus North America Foundation?
The provided IRS 990 data summary does not detail the specific programs or initiatives funded by the foundation. To understand its programmatic impact, one would need to review the full IRS 990 forms, particularly Schedule O and Part III, Statement of Program Service Accomplishments.
Filing History
IRS 990 filing history for Porticus North America Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Porticus North America Foundation's revenue has declined by 14.4%, moving from $8.2M to $7.1M. Total assets increased by 2460.5% over the same period, from $1.2M to $30.4M. Total functional expenses fell by 79.6%, from $8.1M to $1.6M. In its most recent filing year (2023), Porticus North America Foundation reported a surplus of $5.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $30.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $1.6M | $30.4M | $1 | — | — |
| 2022 | $2.2M | $2.0M | $27.7M | $1 | — | View 990 |
| 2021 | $2.7M | $1.6M | $34.1M | $1 | — | View 990 |
| 2020 | $5.7M | $1.7M | $32.1M | $65K | — | View 990 |
| 2019 | $3.2M | $1.6M | $22.0M | $1.3M | — | — |
| 2015 | $132K | $192K | $23.7M | $1 | — | View 990 |
| 2014 | $1 | $409 | $208K | $150K | — | View 990 |
| 2013 | $1 | $125K | $220K | $162K | — | View 990 |
| 2012 | $5.3M | $5.7M | $574K | $391K | — | View 990 |
| 2011 | $8.2M | $8.1M | $1.2M | $665K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $1.6M, and assets of $30.4M (revenue +215.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $27.7M (revenue -16.0% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.6M, and assets of $34.1M (revenue -53.0% year-over-year).
- 2020: Revenue of $5.7M, expenses of $1.7M, and assets of $32.1M (revenue +75.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $1.6M, and assets of $22.0M (revenue +2335.8% year-over-year).
- 2015: Revenue of $132K, expenses of $192K, and assets of $23.7M (revenue +13238400.0% year-over-year).
- 2014: Revenue of $1, expenses of $409, and assets of $208K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $125K, and assets of $220K (revenue -100.0% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.7M, and assets of $574K (revenue -35.2% year-over-year).
- 2011: Revenue of $8.2M, expenses of $8.1M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Porticus North America Foundation:
Data Sources and Methodology
This transparency report for Porticus North America Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.