Centro Recreativo Portugues de Jamaica Ny Inc

Analysis

Centro Recreativo Portugues de Jamaica Ny Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in July 2019, 7 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, Centro Recreativo Portugues de Jamaica Ny Inc reported income of $150k and spending of $120k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $150k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centro Recreativo Portugues de Jamaica Ny Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include African Diaspora Film Festival Inc ($150k), Lithuanian Opera Company ($150k) and Inta Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $63k against liabilities of $1,539, net assets of $62k.