Puerto Rico Educational System Inc

Analysis

Puerto Rico Educational System Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in June 2020, 6 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 December 2023, Puerto Rico Educational System Inc reported income of $679k and spending of $755k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $485k to $679k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Puerto Rico Educational System Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 61st percentile within PR. Charities of a similar size with the same main cause include Mountain Lakes Free Public Library ($679k), High School Youth Initiative Inc ($679k) and Upper Peninsula Plumbers and Pipefitters Educational Fund ($679k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $44k (5.8% of expenses). At year end it held assets of $435k against liabilities of $793k, net assets of -$358k. It reported 34 employees.