Universidad Politecnica de Puerto Rico Inc

Analysis

Universidad Politecnica de Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Universidad Politecnica de Puerto Rico Inc reported income of $53.5m and spending of $42.6m, leaving 20% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $43.5m to $53.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to July 2023, when income rose by 15%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universidad Politecnica de Puerto Rico Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include West Virginia Wesleyan College ($53.5m), Keuka College ($53.6m) and Montclair Kimberly Academy Foundation ($53.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $272k (0.6% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $114.3m against liabilities of $12.1m, net assets of $102.3m. It reported 506 employees.