Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas

Analysis

Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas is a registered charity in United States, based in Canovanas, PR. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas reported income of $627k and spending of $415k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $627k (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 60th percentile within PR. Charities of a similar size with the same main cause include World Strategic Forum Inc ($626k), Sowega Rising ($627k) and The Appraisal Institute of America Inc ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $49k (12% of expenses). At year end it held assets of $1.2m against liabilities of $85k, net assets of $1.1m. It reported 7 employees.