Asociacion Benefica de Ponce Inc

Analysis

Asociacion Benefica de Ponce Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Benefica de Ponce Inc reported income of $745k and spending of $684k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $612k to $745k (+22%), an average of +6.7% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asociacion Benefica de Ponce Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 64th percentile within PR. Charities of a similar size with the same main cause include Tanner Properties Inc ($744k), Great River Housing Inc ($745k) and Shelter From the Storm Ministries Inc ($744k).

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 $39k (5.8% of expenses). Other salaries and wages came to $397k. At year end it held assets of $336k against liabilities of $3,249, net assets of $333k. It reported 39 employees.