Sport Club Portugues Inc

Analysis

Sport Club Portugues Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 1949, 77 years ago. 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, Sport Club Portugues Inc reported income of $739k and spending of $679k, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $856k to $739k (-14%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sport Club Portugues Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Troup County Historical Society Inc ($739k), Marin Brain Injury Network ($740k) and Middletown Montessori School Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 77% of the total. Other salaries and wages came to $45k. At year end it held assets of $2.2m against liabilities of $48k, net assets of $2.1m. It reported 10 employees.