Inquilinos Boricuas En Accion Inc

Analysis

Inquilinos Boricuas En Accion Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2019, 7 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, Inquilinos Boricuas En Accion Inc reported income of $21.9m and spending of $13.9m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $21.9m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inquilinos Boricuas En Accion 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 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Pawnee Mental Health Service Inc ($21.9m), Hudson River Housing ($21.9m) and Valley Hospice Inc ($21.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $705k (5.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $178.0m against liabilities of $52.2m, net assets of $125.8m. It reported 47 employees.