Porto Charities Inc

Nonprofit profile at a glance

EIN
300544129
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Fairfax, VA, USA
Phone
5712595958
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations
Affiliation
Christianity

Reported finances

Revenue
$798,216
Expenses
$507,978
Assets
$769,376
Liabilities
$15,182

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Leo Alonso (President)
  • Anthony Stafford (Vice President)

Highest reported compensation

  • Kathryn Doherty (Chief Operating Officer): $63,750 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Porto Charities increases the educational and employment opportunities available to children and young adults with intellectual and developmental disabilities through grants, education and advocacy programs supporting the Catholic Diocese of Arlington.

What it reported doing in 2024

With the permission and support from the Arlington Bishop, Michael Burbridge, Porto Charities conducted a Special Kids/Special Needs collection from various parishes throughout the archdiocese. Funds collected were distributed as grant awards in support of inclusive education and special needs programs in the Diocese Parochial Schools with no administrative or overhead cost assessments. See Schedule I for a listing of the Porto's 2023 grant award program.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 89
  • Accountability: 95
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.1%; rating input score 46
  • Program expense ratio: 70.8%; rating input score 71
  • Fundraising efficiency: $13.41 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.1%; rating input score 95; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 36.4%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1.51; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 12.5%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 43.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 43.5% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 35.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 46.1% of revenue deployed · 70.8% of spending went to programs
  • Governance: 19 of 19 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $360K in reported program spending
  • Leadership: top reported pay $64K · 19 people listed
  • Consistency: 43 of 44 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.