Fondo Permanente Para LA Administracion Operacion Y

Analysis

Fondo Permanente Para LA Administracion Operacion Y is a registered charity in United States, based in Salinas, PR. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fondo Permanente Para LA Administracion Operacion Y reported income of $13.9m and spending of $12.2m, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $3.7m to $13.9m (+272%), an average of +93% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fondo Permanente Para LA Administracion Operacion Y sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 93rd percentile within PR. Charities of a similar size with the same main cause include Missouri Valley Conference Inc ($13.9m), Prospect Park Alliance Inc ($14.1m) and Western Athletic Conference ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 5.7% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $28.1m against liabilities of $1.9m, net assets of $26.2m. It reported 129 employees.