Springfield Puerto Rican Parade

Analysis

Springfield Puerto Rican Parade is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Springfield Puerto Rican Parade reported income of $121k and spending of $154k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $121k (+153%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Puerto Rican Parade sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Denver Geophysical Society Foundation ($121k), Marine Military Academy Foundation ($121k) and Parkersburg South High School Band Boosters Association ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $289 against liabilities of $1,434, net assets of -$1,145.