Mineola Portuguese Center Inc

Analysis

Mineola Portuguese Center Inc is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in May 2024, 2 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 December 2023, Mineola Portuguese Center Inc reported income of $524k and spending of $274k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $635k to $524k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mineola Portuguese Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Adams County Fair and Racing Assoc ($524k), American Psychosocial Oncology Society Inc ($524k) and Youth Choirs Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 4.2% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.