Michael E Porter Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Michael E Porter Family Foundation is a 501(c)(3) organization based in Albany, New York, registered in 2016, with $4,165,325 in FY2024 revenue. CharityIndex grades it C+.
Po Box 10879, Albany, NY, 12201 EIN 47-6693100 Since 2016
Revenue (FY2024)
$4.2M
▼ 29.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$697K
Net assets
$15.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael E Porter Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating271 mo reserves · +83% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael E Porter Family Foundation: 271 mo reserves · +83% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael E Porter Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael E Porter Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 10879, Albany, NY, 12201
- City
- Albany
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $476K (FY2017) to $4.2M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $15.7M
Operating margin
83.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$15.7M
Total liabilities
$0
Net assets
$15.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,165,325▼29.0% | $696,560▲76.9% | $15,729,562▲28.3% | $15,729,562▲28.3% | 990PF |
| 2023 | $5,865,822▲88.3% | $393,746▲125% | $12,260,797▲80.6% | $12,260,797▲80.6% | 990PF |
| 2022 | $3,115,618▲5930% | $175,081▲233% | $6,788,721▲76.4% | $6,788,721▲76.4% | 990PF |
| 2021 | $51,669▲127% | $52,565▼65.1% | $3,848,184 | $3,848,184 | 990PF |
| 2020 | -$193,186▼151% | $150,657▼37.0% | $3,849,080▼8.2% | $3,849,080▼8.2% | 990PF |
| 2019 | $377,262▼84.5% | $239,207▼44.2% | $4,192,923▲3.4% | $4,192,923▲3.4% | 990PF |
| 2018 | $2,429,828▲410% | $428,514▲147% | $4,054,868▲97.5% | $4,054,868▲97.5% | 990PF |
| 2017 | $476,337 | $173,362 | $2,053,554 | $2,053,554 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Michael E Porter Family Foundation a legitimate nonprofit?
- Yes. Michael E Porter Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-6693100, based in Albany, New York. Donations are tax-deductible.
- What is Michael E Porter Family Foundation's EIN?
- Michael E Porter Family Foundation's Employer Identification Number (EIN) is 47-6693100.
- How much revenue does Michael E Porter Family Foundation report?
- Michael E Porter Family Foundation reported $4,165,325 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael E Porter Family Foundation have?
- CharityIndex grades Michael E Porter Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Michael E Porter Family Foundation (EIN 47-6693100) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.