Dominican Day Parade

Analysis

Dominican Day Parade is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dominican Day Parade reported income of $666k and spending of $664k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $666k (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dominican Day Parade sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Guitar Center Music Foundation ($666k), Diasporic Vietnamese Artists Network ($666k) and Moving Forward Contemporary Asian American Dance Co ($666k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.