Puerto Rican Alliance

Analysis

Puerto Rican Alliance is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Puerto Rican Alliance reported income of $60k and spending of $52k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $79k to $60k (-24%), an average of -24% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rican Alliance sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include A Time to Dance Inc ($60k), Marlboro School of Music Inc ($60k) and Hofvarpnir Studios ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.