Puerto Rican Workshop Inc

Analysis

Puerto Rican Workshop Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Puerto Rican Workshop Inc reported income of $109k and spending of $443k, spending 405% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $29k to $109k (+275%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 252%. Over the whole period it spent 595% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rican Workshop Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Champaign Urbana Theatre Company ($109k), Children of the Light Dancers Inc ($109k) and Canyon Aristocats Parentsassociation ($109k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $213k (48% of expenses). At year end it held assets of $1.6m against liabilities of $53k, net assets of $1.6m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.