Boricua College

Analysis

Boricua College is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boricua College reported income of $7.2m and spending of $11.9m, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $7.2m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boricua College sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Barack Obama Green Charter School Inc ($7.2m), Wake Forest Charter Academy ($7.2m) and Accreditation Commission for Education in Nursing Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $579k (4.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $52.6m against liabilities of $12.5m, net assets of $40.0m. It reported 193 employees.