Museo de Arte de Puerto Rico Inc

Analysis

Museo de Arte de Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2023, Museo de Arte de Puerto Rico Inc reported income of $6.0m and spending of $6.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $6.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 200%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museo de Arte de Puerto Rico Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within PR. Charities of a similar size with the same main cause include Theater Offensive Inc ($6.0m), Senior Connection Inc ($6.0m) and Kanren Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 15% of the total. Other salaries and wages came to $961k. At year end it held assets of $36.6m against liabilities of $23.7m, net assets of $12.9m. It reported 25 employees.