LA Fundacion Puertorriquena de Las Humanidades Inc

Analysis

LA Fundacion Puertorriquena de Las Humanidades Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2019, 7 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 October 2023, LA Fundacion Puertorriquena de Las Humanidades Inc reported income of $2.9m and spending of $1.3m, leaving 54% of income unspent that year. Across the 6 years on record, from October 2018 to October 2023, income grew from $820 to $2.9m (+353890%), an average of +413% a year. The sharpest change came in the year to October 2019, when income rose by 123201%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Fundacion Puertorriquena de Las Humanidades Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 84th percentile within PR. Charities of a similar size with the same main cause include National Society of the Sons of the American Revolution ($2.9m), Greensboro Symphony Orchestra Incorporated ($2.9m) and New Haven International Festival of Arts & Ideas Inc ($2.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $314k. At year end it held assets of $3.4m against liabilities of $497k, net assets of $2.9m. It reported 8 employees.