Inter American University of Puerto Rico

Analysis

Inter American University of Puerto Rico is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in July 1943, 83 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, Inter American University of Puerto Rico reported income of $255.5m and spending of $251.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $277.4m to $255.5m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inter American University of Puerto Rico sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PR. Charities of a similar size with the same main cause include Edward Via Virginia College of Osteopathic Medicine ($254.8m), Bryant University ($255.9m) and St Olaf College ($251.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.3m (0.5% of expenses). Other salaries and wages came to $102.6m. At year end it held assets of $761.3m against liabilities of $82.3m, net assets of $679.1m. It reported 2,623 employees.