Sociedad Biblica de PR Inc

Analysis

Sociedad Biblica de PR Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sociedad Biblica de PR Inc reported income of $335k and spending of $194k, leaving 42% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $134k to $335k (+149%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sociedad Biblica de PR Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 47th percentile within PR. Charities of a similar size with the same main cause include Kean & Company Inc ($335k), North Side High School Alumni Scholarship Foundation ($335k) and National Caucas & Center on Black Aged Housing Services for N C ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.5m against liabilities of $764k, net assets of $761k.