Industry University Research Center Inc

Analysis

Industry University Research Center Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Industry University Research Center Inc reported income of $244k and spending of $255k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $244k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Industry University Research Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 41st percentile within PR. Charities of a similar size with the same main cause include Recognizegood the Foundation ($244k), American Society of Interior Designers Educational Foundation I ($244k) and Citizens for a Loring Park Community ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $221k (87% of expenses). At year end it held assets of $227k against liabilities of $203k, net assets of $25k.

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.