Pro Portsmouth Inc
Pro Portsmouth Inc. consistently operates with expenses exceeding revenue, leading to recurring deficits and high liabilities relative to assets.
EIN: 20341731 · Portsmouth, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $160K |
| Total Expenses | $176K |
| Program Spending | 70% |
| Net Assets | $-78,236 |
| Transparency Score | 60/100 |
Is Pro Portsmouth Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pro Portsmouth Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Pro Portsmouth Inc
Pro Portsmouth Inc (EIN: 20341731) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $160K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pro Portsmouth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pro Portsmouth Inc is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $176K |
| Surplus / Deficit | $-31,540 |
| Total Assets | $30K |
| Total Liabilities | $108K |
| Net Assets | $-78,236 |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 362.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2024, Pro Portsmouth Inc reported a deficit of $32K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 362.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Pro Portsmouth Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.4% | +4.2% | -51.4% |
| 2023 | -19.8% | -6.4% | -26.7% |
| 2022 | +96.3% | +58.0% | -18.0% |
| 2021 | -36.5% | -19.3% | +70.2% |
| 2020 | -29.6% | -27.7% | +813.8% |
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 Pro Portsmouth Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Pro Portsmouth Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 362.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is positive for minimizing overhead.
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 Pro Portsmouth Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $31,540 in 2024, $22,382 in 2023)
- Liabilities significantly exceed assets in recent years (e.g., $108,000 liabilities vs. $29,764 assets in 2024)
- Lack of detailed functional expense breakdown in provided data, hindering precise spending efficiency analysis
Strengths
The following positive indicators were identified for Pro Portsmouth Inc:
- Consistent IRS 990 filing history, indicating basic transparency
- 0% reported officer compensation, suggesting low executive overhead
- Long operational history (14 filings), demonstrating resilience
Frequently Asked Questions about Pro Portsmouth Inc
Is Pro Portsmouth Inc a legitimate charity?
Pro Portsmouth Inc (EIN: 20341731) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $160K. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Pro Portsmouth Inc spend its money?
Pro Portsmouth Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Pro Portsmouth Inc tax-deductible?
Pro Portsmouth Inc is registered as a tax-exempt nonprofit (EIN: 20341731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pro Portsmouth Inc's spending goes to programs?
Pro Portsmouth Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Pro Portsmouth Inc located?
Pro Portsmouth Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20341731.
How many years of IRS 990 filings does Pro Portsmouth Inc have?
Pro Portsmouth Inc has 14 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 $160K in total revenue.
Is Pro Portsmouth Inc. financially sustainable given its recurring deficits?
The organization has reported expenses exceeding revenue in multiple recent periods (e.g., 2024, 2023, 2021), leading to deficits. This trend, coupled with liabilities often significantly higher than assets, raises concerns about long-term financial sustainability without a change in operational strategy or increased funding.
What is the reason for the high liabilities relative to assets?
In 2024, liabilities were $108,000 while assets were only $29,764. This significant imbalance suggests the organization may have substantial outstanding debts or obligations that are not covered by its current assets, potentially indicating cash flow challenges or reliance on borrowed funds.
How does Pro Portsmouth Inc. manage to operate with consistent deficits?
While the filings show recurring deficits, the organization continues to operate. This could be due to drawing down reserves (though assets are low), receiving restricted grants that cover specific expenses, or managing short-term cash flow through credit or delayed payments. Further detail on funding sources and liability composition would be needed.
Filing History
IRS 990 filing history for Pro Portsmouth Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Pro Portsmouth Inc's revenue has declined by 19.3%, moving from $179K to $144K. Total assets increased by 1606.7% over the same period, from $2K to $30K. Total functional expenses rose by 0.4%, from $175K to $176K. In its most recent filing year (2024), Pro Portsmouth Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $108K in liabilities against $30K in assets (debt-to-asset ratio: 362.9%), resulting in net assets of $-78,236.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $144K | $176K | $30K | $108K | — | — |
| 2023 | $146K | $169K | $61K | $108K | — | View 990 |
| 2022 | $182K | $180K | $84K | $108K | — | View 990 |
| 2021 | $93K | $114K | $102K | $128K | — | View 990 |
| 2020 | $146K | $141K | $60K | $65K | — | View 990 |
| 2019 | $208K | $196K | $7K | $17K | — | View 990 |
| 2018 | $182K | $186K | $2K | $25K | — | View 990 |
| 2017 | $184K | $204K | $5K | $24K | — | View 990 |
| 2016 | $200K | $197K | $7K | $7K | — | View 990 |
| 2015 | $199K | $204K | $10K | $12K | — | View 990 |
| 2014 | $212K | $196K | $8K | $5K | — | View 990 |
| 2013 | $192K | $200K | $9K | $23K | — | View 990 |
| 2012 | $191K | $199K | $5K | $11K | — | View 990 |
| 2011 | $179K | $175K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $144K, expenses of $176K, and assets of $30K (revenue -1.4% year-over-year).
- 2023: Revenue of $146K, expenses of $169K, and assets of $61K (revenue -19.8% year-over-year).
- 2022: Revenue of $182K, expenses of $180K, and assets of $84K (revenue +96.3% year-over-year).
- 2021: Revenue of $93K, expenses of $114K, and assets of $102K (revenue -36.5% year-over-year).
- 2020: Revenue of $146K, expenses of $141K, and assets of $60K (revenue -29.6% year-over-year).
- 2019: Revenue of $208K, expenses of $196K, and assets of $7K (revenue +14.4% year-over-year).
- 2018: Revenue of $182K, expenses of $186K, and assets of $2K (revenue -1.4% year-over-year).
- 2017: Revenue of $184K, expenses of $204K, and assets of $5K (revenue -7.9% year-over-year).
- 2016: Revenue of $200K, expenses of $197K, and assets of $7K (revenue +0.6% year-over-year).
- 2015: Revenue of $199K, expenses of $204K, and assets of $10K (revenue -6.4% year-over-year).
- 2014: Revenue of $212K, expenses of $196K, and assets of $8K (revenue +10.8% year-over-year).
- 2013: Revenue of $192K, expenses of $200K, and assets of $9K (revenue +0.1% year-over-year).
- 2012: Revenue of $191K, expenses of $199K, and assets of $5K (revenue +7.1% year-over-year).
- 2011: Revenue of $179K, expenses of $175K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pro Portsmouth Inc:
Data Sources and Methodology
This transparency report for Pro Portsmouth Inc 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.