Fundacion Luis Munoz Marin Inc

Analysis

Fundacion Luis Munoz Marin Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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 June 2023, Fundacion Luis Munoz Marin Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fundacion Luis Munoz Marin Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 79th percentile within PR. Charities of a similar size with the same main cause include Ladies of Charity Lake Travis Inc ($1.8m), United Way of Pasco County Inc ($1.8m) and Venturelinx ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $140k (8.1% of expenses). Other salaries and wages came to $78k. At year end it held assets of $9.5m against liabilities of $762k, net assets of $8.8m. It reported 6 employees.