Desarrollos Universitarios Inc

Analysis

Desarrollos Universitarios Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Desarrollos Universitarios Inc reported income of $4.1m and spending of $2.8m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.1m to $4.1m (-42%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Desarrollos Universitarios Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 87th percentile within PR. Charities of a similar size with the same main cause include Championship Academy of Distinction at Hollywood Inc ($4.1m), Gardens School of Technology Arts Inc ($4.1m) and Diener School Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $265k. At year end it held assets of $67.1m against liabilities of $52.5m, net assets of $14.6m. It reported 5 employees.