Cape Verdean Association in New Bedford Inc

Analysis

Cape Verdean Association in New Bedford Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Cape Verdean Association in New Bedford Inc reported income of $187k and spending of $211k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $247k to $187k (-24%), an average of -8.8% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Verdean Association in New Bedford Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Smithfield Girls Softball League ($187k), Redemption Works International Inc ($187k) and Santa Clarita Wildcats ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $341k against liabilities of $275k, net assets of $66k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.