Fundacion Fernando Martinez Caula Inc

Analysis

Fundacion Fernando Martinez Caula Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Fundacion Fernando Martinez Caula Inc reported income of $177k and spending of $222k, spending 125% of what it took in. Across the 3 years on record, from October 2021 to October 2023, income grew from $73k to $177k (+142%), an average of +56% a year. The sharpest change came in the year to October 2022, when income rose by 70%. Over the whole period it spent 142% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fundacion Fernando Martinez Caula Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 35th percentile within PR. Charities of a similar size with the same main cause include Price Harris Evangelistic Association Inc ($177k), Kingdom Flame Ministries Incorporation ($177k) and Hastings Catholic Ed Found ($177k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 27% and program service revenue 25% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.1m against liabilities of $50k, net assets of $1.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.