Pro Viviendas III Inc

Analysis

Pro Viviendas III Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pro Viviendas III Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-6.5%), an average of -1.7% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pro Viviendas III Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 74th percentile within PR. Charities of a similar size with the same main cause include Public and Affordable Housing Research Corporation ($1.2m), Lutheran Homes of Michigan Foundation ($1.2m) and Gardena Senior Housing Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $30k (2.5% of expenses). At year end it held assets of $4.1m against liabilities of $446k, net assets of $3.7m.