Oak Grove Cape Verdean Cultural Center Inc

Analysis

Oak Grove Cape Verdean Cultural Center Inc is a registered charity in United States, based in Onset, MA. It received its IRS tax-exemption ruling in October 2008, 18 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 2022, Oak Grove Cape Verdean Cultural Center Inc reported income of $59k and spending of $8,183, leaving 86% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $23k to $59k (+152%), an average of +152% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oak Grove Cape Verdean Cultural Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include South Mobile County Arts Council Inc ($59k), Eastern Connecticut Center for History Art and Performance Inc ($59k) and San Francisco International Piano Festival ($59k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 3.2% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.