Politecnico Amigo Inc

Analysis

Politecnico Amigo Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Politecnico Amigo Inc reported income of $1.2m and spending of $820k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $646k to $1.2m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Politecnico Amigo Inc sits at the 77th percentile: it is larger than about 77% 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 Super School Inc ($1.2m), Educational Opportunity Centers of Pennsylvania ($1.2m) and Student Advocacy Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $51k (6.2% of expenses). Other salaries and wages came to $418k. At year end it held assets of $758k against liabilities of $26k, net assets of $732k. It reported 29 employees.