Altergarten Las Teresas Inc I

Analysis

Altergarten Las Teresas Inc I is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in January 1984, 42 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, Altergarten Las Teresas Inc I reported income of $833k and spending of $743k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $636k to $833k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altergarten Las Teresas Inc I sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 67th percentile within PR. Charities of a similar size with the same main cause include Villa Sierra Madre Inc ($833k), Association of Delaware Valley Independent Schools ($833k) and Belton Christian Youth Center ($833k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $146k. At year end it held assets of $1.0m against liabilities of $277k, net assets of $751k.