Cuarzo Blanco Inc

Analysis

Cuarzo Blanco Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cuarzo Blanco Inc reported income of $81k and spending of $85k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $81k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cuarzo Blanco Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 22nd percentile within PR. Charities of a similar size with the same main cause include FHS Music Foundation ($81k), Wadena County Historical Society ($81k) and Southerly ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. At year end it held assets of $35k against liabilities of $47k, net assets of -$12k.