Ponce Medical School Foundation Inc

Analysis

Ponce Medical School Foundation Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, Ponce Medical School Foundation Inc reported income of $19.6m and spending of $18.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.0m to $19.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ponce Medical School Foundation 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 97th percentile, and in the 94th percentile within PR. Charities of a similar size with the same main cause include Escuela Popular Del Pueblo ($19.6m), Valley Christian School System ($19.6m) and Legacy College Preparatory Charter School ($19.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $17.0m against liabilities of $4.1m, net assets of $12.9m. It reported 133 employees.