Puerto Rican Association for Human Development Incorporated

Analysis

Puerto Rican Association for Human Development Incorporated is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in September 1976, 50 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 December 2023, Puerto Rican Association for Human Development Incorporated reported income of $4.2m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puerto Rican Association for Human Development Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Womens League Inc ($4.2m), Spaulding for Children Dba Arms Wide ($4.2m) and Community Child Care Solutions Inc a New Jersey Nonprofit Corporation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $213k (5.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.6m against liabilities of $654k, net assets of $2.0m. It reported 120 employees.