Portuguese-American Club of Mount Vernon Inc

Analysis

Portuguese-American Club of Mount Vernon Inc is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Portuguese-American Club of Mount Vernon Inc reported income of $137k and spending of $152k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $285k to $137k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Portuguese-American Club of Mount Vernon Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Moorhead Junior Olympic Volleyball Program Inc ($137k), Team Africa Rising Inc ($137k) and Pawnee County Fair Association ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $104k against liabilities of $1,300, net assets of $102k.