Proyecto Nacer Inc

Analysis

Proyecto Nacer Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Proyecto Nacer Inc reported income of $2.7m and spending of $2.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Proyecto Nacer Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 83rd percentile within PR. Charities of a similar size with the same main cause include Partners in Care ($2.7m), Access Counseling Inc ($2.7m) and On with Life Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $239k (11% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.4m against liabilities of $44k, net assets of $4.3m. It reported 56 employees.