Fundacion Bechara Inc

Analysis

Fundacion Bechara Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Fundacion Bechara Inc reported income of $61k and spending of $136k, spending 222% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $244k to $61k (-75%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion Bechara Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 18th percentile within PR. Charities of a similar size with the same main cause include Fletcher Street Urban Riding Club ($61k), The Hope Center-Brownsville Inc ($61k) and Shades of Pink Foundation California ($61k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $113k against liabilities of $3,242, net assets of $110k. It reported 1 employees.