Puerto Rican Cultural Festival And Parade Of Rhode Island Inc
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc reports zero revenue and assets in its latest filing, with a history of modest, fully expended budgets and unpaid leadership.
EIN: 203802763 · Providence, RI · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $28K |
| Program Spending | 85% |
| Transparency Score | 70/100 |
Is Puerto Rican Cultural Festival And Parade Of Rhode Island Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Puerto Rican Cultural Festival And Parade Of Rhode Island Inc
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc (EIN: 203802763) is a nonprofit organization based in Providence, RI, classified under NTEE code A23. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puerto Rican Cultural Festival And Parade Of Rhode Island Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc is a micro nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2009–2011). Revenue has grown at a compound annual rate of 20.7%.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $28K |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2011, Puerto Rican Cultural Festival And Parade Of Rhode Island Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2009–2011), Puerto Rican Cultural Festival And Parade Of Rhode Island Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2011 | +1.3% | +2041.6% | — |
| 2010 | +43.8% | -93.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Puerto Rican Cultural Festival And Parade Of Rhode Island Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Puerto Rican Cultural Festival And Parade Of Rhode Island Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Puerto Rican Cultural Festival And Parade Of Rhode Island Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, raising questions about current operational status.
- Consistent reporting of $0 assets across all periods, even when revenue exceeded expenses, is unusual and lacks clarity on fund management.
- Limited financial detail in filings prevents a granular analysis of spending efficiency beyond total expenses.
Strengths
The following positive indicators were identified for Puerto Rican Cultural Festival And Parade Of Rhode Island Inc:
- Consistently reports 0% officer compensation, indicating volunteer leadership and high efficiency in this area.
- No reported liabilities across all filings, suggesting sound financial management without accumulating debt.
- Historically, the organization has spent all or most of its revenue on its activities, indicating direct application of funds.
Frequently Asked Questions about Puerto Rican Cultural Festival And Parade Of Rhode Island Inc
Is Puerto Rican Cultural Festival And Parade Of Rhode Island Inc a legitimate charity?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc (EIN: 203802763) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 70/100. It has 3 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Puerto Rican Cultural Festival And Parade Of Rhode Island Inc spend its money?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Puerto Rican Cultural Festival And Parade Of Rhode Island Inc tax-deductible?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc is registered as a tax-exempt nonprofit (EIN: 203802763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Puerto Rican Cultural Festival And Parade Of Rhode Island Inc's spending goes to programs?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Puerto Rican Cultural Festival And Parade Of Rhode Island Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Puerto Rican Cultural Festival And Parade Of Rhode Island Inc is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Puerto Rican Cultural Festival And Parade Of Rhode Island Inc located?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 203802763. It is classified under NTEE code A23.
How many years of IRS 990 filings does Puerto Rican Cultural Festival And Parade Of Rhode Island Inc have?
Puerto Rican Cultural Festival And Parade Of Rhode Island Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is the organization currently active given its latest filing shows $0 revenue and assets?
The latest IRS 990 filing (for period 201112, which is the most recent available in this data) shows $0 revenue and $0 assets. This strongly suggests the organization may be dormant or no longer actively operating. Further investigation beyond these filings would be needed to confirm its current status.
How does the organization manage its funds if assets are consistently reported as $0, even when revenue exceeds expenses?
The consistent reporting of $0 assets, even in periods like 201012 where revenue ($27,831) significantly exceeded expenses ($1,316), is unusual. This could imply that any surplus funds are immediately disbursed, held in an informal manner not reported as organizational assets, or that the financial reporting might not fully capture all cash flows or temporary holdings.
What is the breakdown of expenses between program, administrative, and fundraising costs?
The provided IRS 990 data only gives total revenue and total expenses. Without a detailed breakdown of expenses within the filings, it's impossible to definitively determine the exact percentages allocated to programs, administration, and fundraising. Our estimated breakdown is based on the general characteristics of small, volunteer-run cultural organizations.
Filing History
IRS 990 filing history for Puerto Rican Cultural Festival And Parade Of Rhode Island Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2009–2011), Puerto Rican Cultural Festival And Parade Of Rhode Island Inc's revenue has grown by 45.6%, moving from $19K to $28K. Total functional expenses rose by 45.6%, from $19K to $28K. In its most recent filing year (2011), Puerto Rican Cultural Festival And Parade Of Rhode Island Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $28K | $28K | $0 | $0 | — | View 990 |
| 2010 | $28K | $1K | $0 | $0 | — | View 990 |
| 2009 | $19K | $19K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2011: Revenue of $28K, expenses of $28K, and assets of $0 (revenue +1.3% year-over-year).
- 2010: Revenue of $28K, expenses of $1K, and assets of $0 (revenue +43.8% year-over-year).
- 2009: Revenue of $19K, expenses of $19K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Puerto Rican Cultural Festival And Parade Of Rhode Island Inc:
Data Sources and Methodology
This transparency report for Puerto Rican Cultural Festival And Parade Of Rhode Island Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.