El Puente de Williamsburg Inc

Analysis

El Puente de Williamsburg Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1987, 39 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, El Puente de Williamsburg Inc reported income of $4.8m and spending of $5.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Puente de Williamsburg Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Rubicon Insurance Company ($4.8m), Cannon Beach Conference Center ($4.8m) and Old Westbury Gardens Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $239k (4.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.0m against liabilities of $2.2m, net assets of $1.8m. It reported 130 employees.