Los Banos Portuguese D E S Association

Analysis

Los Banos Portuguese D E S Association is a registered charity in United States, based in Los Banos, CA. It received its IRS tax-exemption ruling in October 1971, 55 years ago. 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 June 2023, Los Banos Portuguese D E S Association reported income of $215k and spending of $218k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $149k to $215k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 280%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Banos Portuguese D E S Association 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 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Golden Homes Inc ($215k), Ukrainian Studies Chair Fund Inc ($215k) and Pine Hill Fire Department Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 27% of the total. Other salaries and wages came to $7,300. At year end it held assets of $591k against liabilities of $113k, net assets of $478k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.