PR Minority Supplier Development Co

Analysis

PR Minority Supplier Development Co is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in January 1974, 52 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 December 2023, PR Minority Supplier Development Co reported income of $990k and spending of $704k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $990k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PR Minority Supplier Development Co sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 70th percentile within PR. Charities of a similar size with the same main cause include Central Oregon Veterans Ranch ($990k), Youth for Christ USA Inc ($990k) and Shelter Providers of Houston Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $110k (16% of expenses). Other salaries and wages came to $203k. At year end it held assets of $2.2m against liabilities of $238k, net assets of $1.9m. It reported 6 employees.