Puerto Rican Family Institute Inc

Analysis

Puerto Rican Family Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Puerto Rican Family Institute Inc reported income of $43.5m and spending of $41.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.4m to $43.5m (+10%), an average of +2.5% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puerto Rican Family Institute Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Systems Unlimited Inc ($43.5m), Greater Bergen Community Action Inc ($43.5m) and Community Support Services ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $206k (0.5% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $27.1m against liabilities of $8.9m, net assets of $18.2m. It reported 783 employees.