Puerto Rico Community Foundation Inc

Analysis

Puerto Rico Community Foundation Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Puerto Rico Community Foundation Inc reported income of $3.8m and spending of $6.3m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.4m to $3.8m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Puerto Rico Community Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 87th percentile within PR. Charities of a similar size with the same main cause include Mrny Qalicb Inc ($3.8m), Warren County Foundation ($3.8m) and Greater Greenbrier Valley Community Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $1.5m (24% of expenses). At year end it held assets of $40.8m against liabilities of $4.4m, net assets of $36.4m. It reported 32 employees.