Portledge School

Portledge School shows consistent revenue growth and healthy asset accumulation over the past decade.

EIN: 116044973 · Locust Valley, NY · Updated: 2026-03-28

$28.0MRevenue

$42.4MAssets

88/100Mission Score (Excellent)

About Portledge School

Portledge School (EIN: 116044973) is a nonprofit organization based in Locust Valley, NY. The organization reported total revenue of $28.0M and total assets of $42.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portledge School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Portledge School demonstrates consistent financial growth and a healthy asset base. Over the past decade, revenue has steadily increased from $14.8 million in 2015 to $26.9 million in 2024, indicating strong operational performance and fundraising capabilities. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to a growing asset base which reached $39.1 million in 2024. This financial stability suggests a well-managed institution capable of sustaining its educational programs.

The school's spending efficiency appears sound, with expenses generally tracking revenue growth. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the consistent surpluses suggest that a significant portion of funds are directed towards its mission. The absence of reported officer compensation in the provided data is notable and could indicate either a volunteer leadership structure or that compensation is reported differently, warranting further investigation for complete transparency. However, the overall financial trajectory points to a fiscally responsible organization.

In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive indicator of compliance. The growth in assets and revenue, coupled with controlled liabilities, suggests prudent financial management. To fully assess transparency and spending efficiency, a detailed breakdown of functional expenses (program, administrative, fundraising) from the full 990 forms would be necessary. However, based on the available data, Portledge School appears to be in a strong financial position.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Portledge School with a Mission Score of 88 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Portledge School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data indicates 0% officer compensation across all reported periods, which is unusual for an organization of this size with revenues exceeding $20 million. This suggests that either the leadership is entirely volunteer-based, or compensation is reported under different categories within the full IRS 990 filing, requiring further review for clarity.

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 Portledge School's IRS 990 filings:

Lack of detailed functional expense breakdown in summary data
0% officer compensation reported, which is unusual for an organization of this size and could obscure executive pay details without further investigation of the full 990.

Strengths

The following positive indicators were identified for Portledge School:

Consistent revenue growth, from $14.8M in 2015 to $26.9M in 2024.
Healthy and growing asset base, increasing from $15.3M in 2015 to $39.1M in 2024.
Consistent operational surpluses, with revenues exceeding expenses in all reported periods.
Strong financial stability with assets significantly exceeding liabilities.
Regular and consistent IRS 990 filing history, indicating compliance.

Frequently Asked Questions about Portledge School

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of functional expenses. To understand the exact allocation, one would need to review the full IRS Form 990, Part IX, Statement of Functional Expenses.

Why is officer compensation reported as 0% across all filings?

The consistent reporting of 0% officer compensation is atypical for an organization of this scale. This could mean that the leadership serves on a volunteer basis, or their compensation is categorized differently within the full 990, such as under 'salaries and wages' for key employees rather than 'officer compensation'.

How does the school manage its growing liabilities?

While liabilities have increased from $5.7 million in 2015 to $17.2 million in 2024, they remain significantly lower than assets, which grew from $15.3 million to $39.1 million over the same period. This indicates that the school's asset growth outpaces its liability growth, suggesting healthy financial management and capacity to cover its obligations.

Filing History

IRS 990 filing history for Portledge School showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Portledge School's revenue has grown by 127.9%, moving from $11.8M to $26.9M. Total assets increased by 257.5% over the same period, from $10.9M to $39.1M. Total functional expenses rose by 109.6%, from $12.0M to $25.2M. In its most recent filing year (2024), Portledge School reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $17.2M in liabilities against $39.1M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $21.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$26.9M	$25.2M	$39.1M	$17.2M	—	View 990
2023	$24.7M	$23.8M	$35.8M	$16.1M	—	View 990
2022	$24.2M	$22.4M	$33.2M	$14.8M	—	View 990
2021	$24.4M	$21.6M	$30.7M	$13.5M	—	View 990
2020	$24.1M	$22.6M	$28.5M	$12.9M	—	View 990
2019	$22.8M	$20.3M	$24.8M	$10.7M	—	View 990
2018	$18.6M	$18.1M	$23.0M	$11.4M	—	View 990
2017	$17.4M	$16.6M	$18.5M	$7.5M	—	View 990
2016	$15.9M	$15.2M	$16.6M	$6.3M	—	View 990
2015	$14.8M	$14.7M	$15.4M	$5.8M	—	View 990
2014	$15.3M	$13.8M	$14.5M	$4.9M	—	View 990
2013	$12.5M	$12.0M	$12.4M	$4.3M	—	View 990
2012	$11.5M	$11.7M	$10.6M	$3.0M	—	View 990
2011	$11.8M	$12.0M	$10.9M	$3.1M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $26.9M, expenses of $25.2M, and assets of $39.1M (revenue +9.3% year-over-year).
2023: Revenue of $24.7M, expenses of $23.8M, and assets of $35.8M (revenue +1.8% year-over-year).
2022: Revenue of $24.2M, expenses of $22.4M, and assets of $33.2M (revenue -0.7% year-over-year).
2021: Revenue of $24.4M, expenses of $21.6M, and assets of $30.7M (revenue +1.4% year-over-year).
2020: Revenue of $24.1M, expenses of $22.6M, and assets of $28.5M (revenue +5.7% year-over-year).
2019: Revenue of $22.8M, expenses of $20.3M, and assets of $24.8M (revenue +22.1% year-over-year).
2018: Revenue of $18.6M, expenses of $18.1M, and assets of $23.0M (revenue +7.3% year-over-year).
2017: Revenue of $17.4M, expenses of $16.6M, and assets of $18.5M (revenue +9.1% year-over-year).
2016: Revenue of $15.9M, expenses of $15.2M, and assets of $16.6M (revenue +7.4% year-over-year).
2015: Revenue of $14.8M, expenses of $14.7M, and assets of $15.4M (revenue -3.1% year-over-year).
2014: Revenue of $15.3M, expenses of $13.8M, and assets of $14.5M (revenue +22.5% year-over-year).
2013: Revenue of $12.5M, expenses of $12.0M, and assets of $12.4M (revenue +8.5% year-over-year).
2012: Revenue of $11.5M, expenses of $11.7M, and assets of $10.6M (revenue -2.6% year-over-year).
2011: Revenue of $11.8M, expenses of $12.0M, and assets of $10.9M.

Data Sources and Methodology

This transparency report for Portledge School 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.