Vasco Da Gama Portuguese American Charitable Society Inc
EIN: 460659059 · Newport, RI · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $121K |
| Net Assets | $1.1M |
Is Vasco Da Gama Portuguese American Charitable Society Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vasco Da Gama Portuguese American Charitable Society Inc
Vasco Da Gama Portuguese American Charitable Society Inc (EIN: 460659059) is a nonprofit organization based in Newport, RI, classified under NTEE code W99. The organization reported total revenue of $143K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vasco Da Gama Portuguese American Charitable Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vasco Da Gama Portuguese American Charitable Society Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $121K |
| Surplus / Deficit | $-10,960 |
| Total Assets | $1.1M |
| Total Liabilities | $260 |
| Net Assets | $1.1M |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 105.1 months |
Financial Health Grade: B
In 2023, Vasco Da Gama Portuguese American Charitable Society Inc reported a deficit of $11K with expenses exceeding revenue, holds 105.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Vasco Da Gama Portuguese American Charitable Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +10.1% | -1.1% |
| 2022 | +5.4% | +10.7% | -0.8% |
| 2021 | +159.6% | +31.6% | -0.3% |
| 2020 | -58.3% | -38.3% | -3.8% |
| 2019 | -66.3% | +3.0% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vasco Da Gama Portuguese American Charitable Society Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vasco Da Gama Portuguese American Charitable Society Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Vasco Da Gama Portuguese American Charitable Society Inc
Is Vasco Da Gama Portuguese American Charitable Society Inc a legitimate charity?
Vasco Da Gama Portuguese American Charitable Society Inc (EIN: 460659059) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $143K. No red flags identified. Financial health grade: B.
How does Vasco Da Gama Portuguese American Charitable Society Inc spend its money?
Vasco Da Gama Portuguese American Charitable Society Inc reported $143K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vasco Da Gama Portuguese American Charitable Society Inc tax-deductible?
Vasco Da Gama Portuguese American Charitable Society Inc is registered as a tax-exempt nonprofit (EIN: 460659059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vasco Da Gama Portuguese American Charitable Society Inc located?
Vasco Da Gama Portuguese American Charitable Society Inc is headquartered in Newport, Rhode Island and files with the IRS under EIN 460659059. It is classified under NTEE code W99.
How many years of IRS 990 filings does Vasco Da Gama Portuguese American Charitable Society Inc have?
Vasco Da Gama Portuguese American Charitable Society Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $143K in total revenue.
Filing History
IRS 990 filing history for Vasco Da Gama Portuguese American Charitable Society Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Vasco Da Gama Portuguese American Charitable Society Inc's revenue has declined by 89.4%, moving from $1.0M to $110K. Total assets increased by 11.3% over the same period, from $949K to $1.1M. Total functional expenses rose by 23.8%, from $97K to $121K. In its most recent filing year (2023), Vasco Da Gama Portuguese American Charitable Society Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $260 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $121K | $1.1M | $260 | — | — |
| 2022 | $101K | $110K | $1.1M | $560 | — | View 990 |
| 2021 | $96K | $99K | $1.1M | $189 | — | View 990 |
| 2020 | $37K | $75K | $1.1M | $0 | — | View 990 |
| 2019 | $89K | $122K | $1.1M | $0 | — | View 990 |
| 2018 | $263K | $118K | $1.2M | $3K | — | View 990 |
| 2017 | $198K | $107K | $1.0M | $0 | — | — |
| 2016 | $78K | $99K | $912K | $0 | — | View 990 |
| 2015 | $68K | $84K | $923K | $0 | — | View 990 |
| 2014 | $1.0M | $97K | $949K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $121K, and assets of $1.1M (revenue +8.6% year-over-year).
- 2022: Revenue of $101K, expenses of $110K, and assets of $1.1M (revenue +5.4% year-over-year).
- 2021: Revenue of $96K, expenses of $99K, and assets of $1.1M (revenue +159.6% year-over-year).
- 2020: Revenue of $37K, expenses of $75K, and assets of $1.1M (revenue -58.3% year-over-year).
- 2019: Revenue of $89K, expenses of $122K, and assets of $1.1M (revenue -66.3% year-over-year).
- 2018: Revenue of $263K, expenses of $118K, and assets of $1.2M (revenue +32.8% year-over-year).
- 2017: Revenue of $198K, expenses of $107K, and assets of $1.0M (revenue +153.1% year-over-year).
- 2016: Revenue of $78K, expenses of $99K, and assets of $912K (revenue +15.3% year-over-year).
- 2015: Revenue of $68K, expenses of $84K, and assets of $923K (revenue -93.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $97K, and assets of $949K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vasco Da Gama Portuguese American Charitable Society Inc:
Data Sources and Methodology
This transparency report for Vasco Da Gama Portuguese American Charitable Society 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.