Puerto Rican Day Parade Inc

Analysis

Puerto Rican Day Parade Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 2015, 11 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, Puerto Rican Day Parade Inc reported income of $128k and spending of $106k, spending 83% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $51k to $128k (+151%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 1525%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rican Day Parade Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Greek 4 Kids Inc ($128k), Acadia Repertory Theatre Inc ($128k) and Taiwanese American Association Ofnew York Inc ($128k).

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 $0 against liabilities of $0, net assets of $0.