Sociedad Puertorriquena de

Analysis

Sociedad Puertorriquena de is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Sociedad Puertorriquena de reported income of $370k and spending of $353k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $278k to $370k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sociedad Puertorriquena de 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 65th percentile, and in the 49th percentile within PR. Charities of a similar size with the same main cause include Capital Area Agency on Aging District II ($370k), Answering the Call ($370k) and Anlee Residential Services Inc ($370k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $35k (9.9% of expenses). Other salaries and wages came to $170k. At year end it held assets of $382k against liabilities of $7,765, net assets of $374k. It reported 13 employees.