Promesa Administrative Services Organization Inc Paso

Analysis

Promesa Administrative Services Organization Inc Paso is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promesa Administrative Services Organization Inc Paso reported income of $12.3m and spending of $12.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.9m to $12.3m (+13%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promesa Administrative Services Organization Inc Paso sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Yellowstone Boys and Girls Ranch Foundation Inc ($12.3m), United Veterans Beacon House Inc ($12.3m) and Alvord-Taylor Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.1m (17% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $12.5m against liabilities of $12.7m, net assets of -$174k.