Luis a Ferre Foundation Inc

Analysis

Luis a Ferre Foundation Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in September 1966, 60 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 2023, Luis a Ferre Foundation Inc reported income of $4.9m and spending of $6.1m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.9m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Luis a Ferre Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 88th percentile within PR. Charities of a similar size with the same main cause include International Womens Media Foundation ($4.9m), Revolutionary Spaces Inc ($4.9m) and Crosstown Arts ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.3% of the total. Other salaries and wages came to $1.8m. It paid $22k in professional fundraising fees. At year end it held assets of $42.0m against liabilities of $4.6m, net assets of $37.4m. It reported 26 employees.