Teen Challenge de Puerto Rico Inc

Analysis

Teen Challenge de Puerto Rico Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Teen Challenge de Puerto Rico Inc reported income of $4.3m and spending of $2.0m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.3m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 285%. Over the whole period it spent 55% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teen Challenge de Puerto Rico 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 91st percentile, and in the 87th percentile within PR. Charities of a similar size with the same main cause include Boys & Girls Clubs of the Permian Basin Inc ($4.3m), Girls Incorporated of Lynn ($4.3m) and Camp Corral ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $32k (1.5% of expenses). Other salaries and wages came to $340k. At year end it held assets of $1.0m against liabilities of $2.0m, net assets of -$974k. It reported 19 employees.