Museo de Arte Contemporaneo de Puerto Rico Inc

Analysis

Museo de Arte Contemporaneo de Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, Museo de Arte Contemporaneo de Puerto Rico Inc reported income of $2.9m and spending of $2.7m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $2.9m (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museo de Arte Contemporaneo de Puerto Rico Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 84th percentile within PR. Charities of a similar size with the same main cause include Post Falls Food Bank Inc ($2.9m), Cottage Childrens Center Inc ($2.9m) and Marine Science Consortium Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.6% of the total. Other salaries and wages came to $684k. At year end it held assets of $7.5m against liabilities of $351k, net assets of $7.1m. It reported 33 employees.