Gran Parada Dominicana de El Bronx

Analysis

Gran Parada Dominicana de El Bronx is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2004, 22 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, Gran Parada Dominicana de El Bronx reported income of $185k and spending of $287k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $185k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 148% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gran Parada Dominicana de El Bronx sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Arte Institute Inc ($185k), Gods Grace Ministry ($185k) and Cooperative Theatre for Children Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $299k, net assets of -$280k.

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.