Instituto Prevocacional E Industrial de Puerto Rico

Analysis

Instituto Prevocacional E Industrial de Puerto Rico is a registered charity in United States, based in Arecibo, PR. It received its IRS tax-exemption ruling in January 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Instituto Prevocacional E Industrial de Puerto Rico reported income of $4.8m and spending of $3.8m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.3m to $4.8m (+46%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Instituto Prevocacional E Industrial de Puerto Rico sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 88th percentile within PR. Charities of a similar size with the same main cause include Care-Net of Lancaster ($4.8m), Hunger Free America Inc ($4.8m) and Community AIDS Resource & Education Services of Southwest Michigan ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.0m. It paid $5,207 in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $1.6m, net assets of $3.7m. It reported 102 employees.