Accion Social de Puerto Rico Inc

Analysis

Accion Social de Puerto Rico Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Accion Social de Puerto Rico Inc reported income of $14.2m and spending of $14.4m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.2m to $14.2m (+7.6%), an average of +1.8% a year. The sharpest change came in the year to September 2022, when income rose by 114%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Accion Social de Puerto Rico Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within PR. Charities of a similar size with the same main cause include Workforce Inc ($14.2m), West Ohio Community Action Partnership ($14.2m) and Campus Partners for Community Urban Redevelopment ($14.1m).

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 $271k (1.9% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $7.6m against liabilities of $2.5m, net assets of $5.1m. It reported 364 employees.