Luso American Cultural Assoc

Analysis

Luso American Cultural Assoc is a registered charity in United States, based in Ludlow, MA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Luso American Cultural Assoc reported income of $74k and spending of $73k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $74k (+0.6%), an average of +0.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luso American Cultural Assoc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Tolland High School Scholarship Fund Inc ($74k), Tipp City Music Boosters Inc ($74k) and San Antonio Busy Bodies Incorporated ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,877 against liabilities of $517, net assets of $1,360.