Day of Portugal and Portuguese Heritage in Ri Inc

Analysis

Day of Portugal and Portuguese Heritage in Ri Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Day of Portugal and Portuguese Heritage in Ri Inc reported income of $80k and spending of $99k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $80k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Day of Portugal and Portuguese Heritage in Ri Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within RI. Charities of a similar size with the same main cause include Battleground Perazim Inc ($80k), Liv It Up Inc ($80k) and Friends and Helpers of Madre Berenic ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. At year end it held assets of $116k against liabilities of $11k, net assets of $104k.