Cape Verdean Museum Exhibit

Analysis

Cape Verdean Museum Exhibit is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in July 2003, 23 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, Cape Verdean Museum Exhibit reported income of $160k and spending of $65k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $244k to $160k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Verdean Museum Exhibit sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within RI. Charities of a similar size with the same main cause include Pipestone County Historical Society ($160k), Musicals at Richter Inc ($160k) and South Baldwin Community Theatre ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. At year end it held assets of $842k against liabilities of $180k, net assets of $663k.