Enactus Puerto Rico Inc

Analysis

Enactus Puerto Rico Inc is a registered charity in United States, based in Carolina, PR. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Enactus Puerto Rico Inc reported income of $653k and spending of $783k, spending 120% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income grew from $404k to $653k (+62%), an average of +27% a year. The sharpest change came in the year to August 2022, when income rose by 63%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Enactus Puerto Rico Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 60th percentile within PR. Charities of a similar size with the same main cause include Careprovider Org Foundation ($653k), Lakeville North Panther Booster ($653k) and Fork Union Military Academy Foundation ($652k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (8.7% of expenses). Other salaries and wages came to $102k. It paid $78k in professional fundraising fees. At year end it held assets of $228k against liabilities of $105k, net assets of $122k. It reported 11 employees.