Altergarten Las Teresas II Inc

Analysis

Altergarten Las Teresas II Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in June 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 2022, Altergarten Las Teresas II Inc reported income of $1.0m and spending of $893k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $871k to $1.0m (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 99% 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 II Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 71st percentile within PR. Charities of a similar size with the same main cause include Davenport Lend-A-Hand Housing Corporation ($1.0m), Steamfitters Education Fund Local Union 475 ($1.0m) and Habitat for Humanity International Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 98% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $578k.