National Puerto Rican Day Parade Inc
Overview
Mission
To create a national awareness and appreciation of puerto rican culture and its contribution to the united states.
What it reported doing in 2024
Hosted a televised parade event representing community groups and associations, corporate sponsors, media partners and elected officials from New York and puerto rico.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
Nonprofit profile at a glance
- EIN
- 133869493
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Headquarters
- New York, NY, USA
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Available reserves provide a limited financial cushion and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.4%; rating input score 77
- Program expense ratio: 93.6%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 17.4%; rating input score 73; 73rd percentile among comparable filings
- Operating reserve ratio: 0.77; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 77.4% of revenue deployed · 93.6% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $888K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Highest-paid contractors: 1 contractor listed · $204K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 9 annual filings from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.