Corporacion LA Fondita de Jesus

Analysis

Corporacion LA Fondita de Jesus is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in November 1990, 36 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 May 2023, Corporacion LA Fondita de Jesus reported income of $4.7m and spending of $4.3m, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.9m to $4.7m (+22%), an average of +5.0% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corporacion LA Fondita de Jesus 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 92nd percentile, and in the 88th percentile within PR. Charities of a similar size with the same main cause include Boys & Girls Clubs of Pueblo County ($4.7m), Grand Lodge of the English Language Jurisdiction of the Ancient Mystic ($4.7m) and Youth and Shelter Services Foundation Inc ($4.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $338k (7.8% of expenses). Other salaries and wages came to $924k. At year end it held assets of $4.0m against liabilities of $569k, net assets of $3.5m. It reported 59 employees.