Puertorriguenos Asociados for Community Organization Inc

Analysis

Puertorriguenos Asociados for Community Organization Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Puertorriguenos Asociados for Community Organization Inc reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $2.8m (-11%), an average of -2.9% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Puertorriguenos Asociados for Community Organization Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Valley Residential Services Inc ($2.8m), The Temple Foundation Inc ($2.8m) and Housing Assistance Corporation ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $109k (4.1% of expenses). Other salaries and wages came to $785k. At year end it held assets of $2.8m against liabilities of $1.6m, net assets of $1.1m. It reported 25 employees.