Universal Technology College of Puerto Rico Inc

Analysis

Universal Technology College of Puerto Rico Inc is a registered charity in United States, based in Aguadilla, PR. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2021, Universal Technology College of Puerto Rico Inc reported income of $3.7m and spending of $3.6m, spending 96% of its income. Across the 4 years on record, from September 2018 to September 2021, income fell from $5.7m to $3.7m (-34%), an average of -13% a year. The sharpest change came in the year to September 2019, when income dropped by 34%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universal Technology College of Puerto Rico Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 86th percentile within PR. Charities of a similar size with the same main cause include Germanna Community College Educational Foundation Inc ($3.7m), Ambassadors Fund for Catholic Education ($3.7m) and Aderes Bais Yaakov Inc ($3.7m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 52% and program service revenue 40% of the total. Other salaries and wages came to $837k. At year end it held assets of $8.7m against liabilities of $1.0m, net assets of $7.7m.