Hi anktihshetty,
It certainly seems like the situation should be at least evaluated, probably before the next heavy snow or wind load. Conversely, it may stay in place for decades. When snow shoveling, be sure not to whack the base of the post with the shovel.
From only the photo, if the post falls the worst that will happen is that the porch roof will fall, damaging whatever tears out and whatever it lands upon. Home insurance typically covers this.
A competent carpenter would be the person to evaluate and fix this problem.
Referrals from friends and neighbors are a good source for carpenters. House of Worship weekly bulletins often have ads. And, asking at the local lumber yard (not big box home center) order desk may supply some good references. Those desk people often know who is good and who is a trunk slammer.
Be sure to get more than one quote and ensure the contractor is insured and pulls any permits if necessary.
Let us know what you learn of the situation!
Paul