Puerto Rican Unity for Progress

Analysis

Puerto Rican Unity for Progress is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in July 1977, 49 years ago. 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 Unity for Progress reported income of $167k and spending of $271k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $167k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 147% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Puerto Rican Unity for Progress sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($167k), Dekalb County Farm Bureau Foundation ($167k) and Balikatan NG Mga Kristiano Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (24% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.