Initiative for Independent Schooling in Puerto Rico Inc

Analysis

Initiative for Independent Schooling in Puerto Rico Inc is a registered charity in United States, based in Aguadilla, PR. It received its IRS tax-exemption ruling in April 2010, 16 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, Initiative for Independent Schooling in Puerto Rico Inc reported income of $440k and spending of $443k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $298k to $440k (+48%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Initiative for Independent Schooling in Puerto Rico Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Birmingham Regional Empowerment and Development Center Inc ($440k), Waller Christian Academy Inc ($440k) and City of Faith Christian School ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $283k. At year end it held assets of $89k against liabilities of $6,047, net assets of $83k.