Asociacion Pro Juventud Y Comunidad de Barrio Palmas Inc

Analysis

Asociacion Pro Juventud Y Comunidad de Barrio Palmas Inc is a registered charity in United States, based in Catano, PR. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Asociacion Pro Juventud Y Comunidad de Barrio Palmas Inc reported income of $2.1m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $543k to $2.1m (+279%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 104%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asociacion Pro Juventud Y Comunidad de Barrio Palmas Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 81st percentile within PR. Charities of a similar size with the same main cause include Sandco Industries ($2.1m), Community Sheltered Workshop Inc ($2.1m) and Big Sky Economic Development Corporation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (2.3% of expenses). Other salaries and wages came to $201k. At year end it held assets of $808k against liabilities of $566, net assets of $807k. It reported 20 employees.