Magic Valley Portuguese Hall Inc

Analysis

Magic Valley Portuguese Hall Inc is a registered charity in United States, based in Wendell, ID. It received its IRS tax-exemption ruling in July 2000, 26 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, Magic Valley Portuguese Hall Inc reported income of $196k and spending of $240k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $196k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Magic Valley Portuguese Hall Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within ID. Charities of a similar size with the same main cause include Akron Womans City Club ($196k), Riley County Historical Society ($196k) and National Oil & Acrylic Painters Society ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 91% of the total. At year end it held assets of $405k against liabilities of $0, net assets of $405k.