Puerto Ricans United Inc

Analysis

Puerto Ricans United Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Puerto Ricans United Inc reported income of $199k and spending of $141k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $199k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 73% 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 Ricans United Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Mississippi Museum of Natural Science Foundation ($199k), The Hive Project ($199k) and Blacksburg Museum and Cultural Foundation Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.