Portsmouth Reads
Portsmouth Reads is a private foundation, based in Portsmouth, VA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $13K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $1.
Key facts about Portsmouth Reads
In short: Portsmouth Reads gave $3K across 1 grant in 2025 (avg $3K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 37-2077185
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,559
- Grants made (2025)
- 1
- Average grant
- $2,559
- Median grant
- $2,559
- Total assets
- $12,945
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$13K
-17.4% YoY
Annual Giving
$3K
-31.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3K
-31.3% YoY
Under IRS private-foundation payout rules, Portsmouth Reads reported a distributable amount of $705 for 2025 — the minimum it must pay out in qualifying distributions.
How Portsmouth Reads gives
- In 2025 it paid out 387% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $3K (2025) to $4K (2024). In 2025 it made 1 grant totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Children's Harbor Hampton Roads ($3K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Harbor Hampton Roads Norfolk, VA | Children's Literacy | $2,559 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $12,945 | $15,671 | — |
| Revenue | $1 | $19,526 | — |
| Expenses | $2,727 | $3,855 | — |
| Qualifying Distributions | $2,727 | $3,855 | — |
| Net Investment Income | $1 | $1 | — |
| Distributable Amount | $705 | $386 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2023 (received by the IRS October 30, 2025)
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Leadership & Key People
Officers and directors from IRS filings
Portsmouth Reads's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Susan Burton
Director
On filings since 2023
5 hrs/week
No compensation reported
Jasmine Galloway
Director
On filings since 2024
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Portsmouth Reads
How much does Portsmouth Reads give each year?
Portsmouth Reads gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 1 grant.
How large is Portsmouth Reads?
Portsmouth Reads reported $13K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $705 (roughly 5% of its investment assets).
Where does Portsmouth Reads operate?
Portsmouth Reads has awarded grants in Virginia.
What is Portsmouth Reads's EIN?
Portsmouth Reads's EIN (Employer Identification Number) is 37-2077185. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Portsmouth Reads by hand.
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