Puerto Rican Org for Community Educational & Economic Development

Analysis

Puerto Rican Org for Community Educational & Economic Development is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in April 1984, 42 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 Org for Community Educational & Economic Development reported income of $12.2m and spending of $11.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $12.2m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 35%. 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 Org for Community Educational & Economic Development 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 97th percentile within NJ. Charities of a similar size with the same main cause include Pacesetters Incorporated ($12.2m), Child Care Network of New York Inc ($12.2m) and Bender JCC of Greater Washington ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $12.1m against liabilities of $2.9m, net assets of $9.2m. It reported 90 employees.