Instituto Parr El Desarrollo Socio Economico Y de Vivienca de PR Inc

Analysis

Instituto Parr El Desarrollo Socio Economico Y de Vivienca de PR Inc is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Instituto Parr El Desarrollo Socio Economico Y de Vivienca de PR Inc reported income of $1.1m and spending of $1.6m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $1.1m (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Instituto Parr El Desarrollo Socio Economico Y de Vivienca de PR Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 72nd percentile within PR. Charities of a similar size with the same main cause include Beacon Hill ($1.1m), Villa de Amistad of San Antonio Texas ($1.1m) and In Focus of Cleveland Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $444k. At year end it held assets of $8.7m against liabilities of $2.2m, net assets of $6.5m. It reported 41 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.