Apni Inc

Analysis

Apni Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in November 2002, 24 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 September 2023, Apni Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.3m (-19%), an average of -5.1% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Apni Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 76th percentile within PR. Charities of a similar size with the same main cause include Project Joy and Hope for Texas ($1.3m), Grace Covenant Child Development Center ($1.3m) and Renewed Strength Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (12% of expenses). Other salaries and wages came to $461k. At year end it held assets of $1.3m against liabilities of $256k, net assets of $1.1m. It reported 27 employees.