Asociacion Puertorriquenos En Marcha Inc

Analysis

Asociacion Puertorriquenos En Marcha Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 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 June 2023, Asociacion Puertorriquenos En Marcha Inc reported income of $33.6m and spending of $29.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.5m to $33.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 19%. 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, Asociacion Puertorriquenos En Marcha Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include BSLC II ($33.6m), San Antonio Lighthouse for the Blind ($33.6m) and Kessler Foundation Inc ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $498k (1.7% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $37.6m against liabilities of $7.3m, net assets of $30.3m. It reported 328 employees.