Portuguese Cultural Association

Analysis

Portuguese Cultural Association is a registered charity in United States, based in Kearny, NJ. It received its IRS tax-exemption ruling in July 1980, 46 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, Portuguese Cultural Association reported income of $141k and spending of $120k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $141k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portuguese Cultural Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Empowerment Resource Center of Asheville & Buncombe County Inc ($141k), The Barn Studio of Art Inc ($141k) and Circus Mentors Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 11% of the total. Other salaries and wages came to $23k. At year end it held assets of $307k against liabilities of $0, net assets of $307k. It reported 2 employees.