Puerto Rico Science Technology and Research Trust

Analysis

Puerto Rico Science Technology and Research Trust is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Puerto Rico Science Technology and Research Trust reported income of $24.8m and spending of $27.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.6m to $24.8m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rico Science Technology and Research Trust sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within PR. Charities of a similar size with the same main cause include Sealaska Heritage Institute ($24.7m), VPM Media Corporation ($24.8m) and The Phoenix Theatre Company ($24.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $7.5m. At year end it held assets of $132.1m against liabilities of $6.8m, net assets of $125.3m. It reported 209 employees.