Liceo Ponceno Inc

Analysis

Liceo Ponceno Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in April 2022, 4 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, Liceo Ponceno Inc reported income of $2.5m and spending of $1.8m, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $2.5m (+43%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 43%. 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, Liceo Ponceno Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 82nd percentile within PR. Charities of a similar size with the same main cause include Ivy Bound Academy Charter School ($2.5m), Halifax County Smart Start Partnership for Children Inc ($2.5m) and Academic Arts High School ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $47k (2.6% of expenses). Other salaries and wages came to $908k. At year end it held assets of $4.2m against liabilities of $186k, net assets of $4.0m. It reported 59 employees.