Festival Puertorriqueno de Massachusetts Inc

Analysis

Festival Puertorriqueno de Massachusetts Inc is a registered charity in United States, based in Roslindale, MA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Festival Puertorriqueno de Massachusetts Inc reported income of $125k and spending of $132k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $78k to $125k (+61%), an average of +13% a year. The sharpest change came in the year to September 2021, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival Puertorriqueno de Massachusetts Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Hueys Hideaway Childrens Museum Inc ($125k), Miami Jazz Cooperative Inc ($125k) and American Beethoven Society ($125k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.