Porter-leath
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Porter-leath is a 501(c)(3) organization based in Memphis, Tennessee, registered in 1951, with $29,561,467 in FY2024 revenue. CharityIndex grades it B.
3400 Prescott Rd, Memphis, TN, 38118 EIN 58-1409385 Since 1951
Revenue (FY2024)
$29.6M
▼ 5.7% vs prior year
Expenses (FY2024)
$31.6M
Net assets
$45.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Porter-leath— 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 rating17 mo reserves · -7% 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 Porter-leath: 17 mo reserves · -7% 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 Porter-leath— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Porter-leath: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $15.8M (FY2013) to $29.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.4MNet assets $45.5M
Operating margin
-6.9%
Spent more than it raised in the latest fiscal year.
Total assets
$48.0M
Total liabilities
$2.4M
Net assets
$45.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $29,561,467▼5.7% | $31,602,782▲5.0% | $45,540,523▼3.5% | $47,970,545▼2.9% | 990 |
| 2023 | $31,346,711▲3.7% | $30,097,321▼4.1% | $47,187,879▲3.6% | $49,415,614▲3.5% | 990 |
| 2022 | $30,223,871▼16.5% | $31,400,141▲0.2% | $45,561,366▼2.3% | $47,757,994▼2.6% | 990 |
| 2021 | $36,176,100▼38.8% | $31,336,877▼18.7% | $46,618,987▲10.6% | $49,048,141▲6.2% | 990 |
| 2020 | $59,083,834▲33.4% | $38,533,648▼0.5% | $42,152,681▲95.1% | $46,168,167▲86.4% | 990 |
| 2019 | $44,288,732▲18.2% | $38,713,294▲1.8% | $21,602,495▲34.8% | $24,769,906▲26.6% | 990 |
| 2018 | $37,468,685▲3.5% | $38,027,124▲7.3% | $16,028,071▼3.4% | $19,560,610▲2.8% | 990 |
| 2017 | $36,191,811▼9.7% | $35,424,355▲4.1% | $16,589,403▲4.9% | $19,032,980▲4.5% | 990 |
| 2016 | $40,075,560▲13.4% | $34,026,047▲7.1% | $15,821,108▲62.3% | $18,213,072▲60.0% | 990 |
| 2015 | $35,330,827▲22.7% | $31,781,992▲12.4% | $9,745,068▲56.7% | $11,385,699▲52.3% | 990 |
| 2014 | $28,786,691▲81.7% | $28,273,924▲78.9% | $6,217,233▲8.5% | $7,474,646▲13.3% | 990 |
| 2013 | $15,840,671 | $15,800,679▲14.5% | $5,728,256▲1.0% | $6,596,509▼1.2% | 990 |
| 2012 | — | $13,805,714▲26.6% | $5,671,523▲48.9% | $6,677,876▲44.3% | 990 |
| 2010 | — | $10,903,760▲1.8% | $3,809,019▼0.5% | $4,627,693▲0.9% | 990 |
| 2009 | — | $10,708,945 | $3,828,236 | $4,586,818 | 990 |
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.
Grants received · $66.9M total
96 grants to Porter-leath totaling $66.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $1,050,812 |
| Tides Center | Quality education | 2024 | $15,000 |
| Give Back Foundation | Program support | 2024 | $7,510 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $1,327,768 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $13,101 |
| Give Back Foundation | Program support | 2023 | $7,510 |
| Community Foundation of Greater Memphis Inc | General operational support | 2022 | $3,887,470 |
| The Blackbaud Giving Fund | General support | 2022 | $27,587 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $16,501 |
| Give Back Foundation | Program support | 2022 | $7,097 |
| Community Foundation of Greater Memphis Inc | General operational support | 2021 | $8,134,114 |
| The Community Fdn of Middle Tn Inc | For covid-19 child care relief | 2021 | $28,000 |
| The Community Fdn of Middle Tn Inc | For covid-19 child care relief | 2021 | $28,000 |
| The Community Fdn of Middle Tn Inc | For covid-19 child care relief | 2021 | $14,000 |
| The Community Fdn of Middle Tn Inc | For covid-19 child care relief | 2021 | $14,000 |
Frequently asked questions
- Is Porter-leath a legitimate nonprofit?
- Yes. Porter-leath is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1409385, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Porter-leath's EIN?
- Porter-leath's Employer Identification Number (EIN) is 58-1409385.
- How much revenue does Porter-leath report?
- Porter-leath reported $29,561,467 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Porter-leath have?
- CharityIndex grades Porter-leath B, based on financial health (reserves and operating margin).
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Explore more
Data for Porter-leath (EIN 58-1409385) 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.