POWERHOUSE ARTS AND WINE FESTIVAL CORPORATION
JERSEY CITY,
New Jersey,
07302
EIN: 84-2132820
Arts, Culture and Humanities
MISSION
To host festivals to promote and raise funds for the benefit of cultural arts of the local community.
FORM 1023-EZ for POWERHOUSE ARTS AND WINE FESTIVAL CORPORATION
DEMOGRAPHIC
ADDRESS
350 WARREN STREET
07302
COUNTY
hudson county, NJ
ORGANIZATIONAL OVERVIEW & RANKINGS
POWERHOUSE ARTS AND WINE FESTIVAL CORPORATION is a based in JERSEY CITY, NJ, focused on Arts, Culture and Humanities causes , specifically Arts, Cultural Organizations - Multipurpose. Established in May 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $4,395.00, this ranks 727,700 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 21,532 out of 72,131 organizations in NJ (Top 30%).
In hudson county, NJ, the organization ranks 712 out of 3,003 nonprofits by assets (Top 24%), while locally in jersey city, it stands at 345 among 1,482 organizations (Top 23%).
The organization reported annual revenue of $20,241.00, ranking 562,916 nationally (Top 22%) and 15,887 in NJ (Top 23%).
Within its specific NTEE classification (A20 - A: Arts, Culture and Humanities), which includes 16,560 similar organizations, POWERHOUSE ARTS AND WINE FESTIVAL CORPORATION ranks 3,433 in assets (Top 21%) and 2,924 in revenue (Top 18%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 and was reinstated on May 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A20: Arts, Cultural Organizations - Multipurpose
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Sunday, May 15, 2022;
Reinstated: Sunday, May 15, 2022
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$20,241.00
FORM 990 REVENUE AMOUNT
$20,241.00
RULING DATE
05/2023
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$4,395.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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