Academia El Principito Inc

Analysis

Academia El Principito Inc is a registered charity in United States, based in Hormigueros, PR. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Academia El Principito Inc reported income of $591k and spending of $439k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $591k (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Academia El Principito Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 59th percentile within PR. Charities of a similar size with the same main cause include Ocean of Love Inc ($590k), Assistance League of Orange Calif Inc ($591k) and El Paso Area Christian Counselingservice Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $250k. At year end it held assets of $192k against liabilities of $8,440, net assets of $184k. It reported 9 employees.