Instituto de Educacion Practica Del Colegio de Abogados de Puerto Rico

Analysis

Instituto de Educacion Practica Del Colegio de Abogados de Puerto Rico is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Instituto de Educacion Practica Del Colegio de Abogados de Puerto Rico reported income of $333k and spending of $408k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $340k to $333k (-2.3%), an average of -1.1% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Instituto de Educacion Practica Del Colegio de Abogados de Puerto Rico sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 46th percentile within PR. Charities of a similar size with the same main cause include Coram Deo Classical School Inc ($332k), Tri-Vision Housing Corporation ($333k) and Associates of the Redlands Bowl Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). Other salaries and wages came to $86k. At year end it held assets of $575k against liabilities of $75k, net assets of $499k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.