Filantropia Puerto Rico Inc

Analysis

Filantropia Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Filantropia Puerto Rico Inc reported income of $584k and spending of $1.4m, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $584k (-78%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Filantropia Puerto Rico Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 58th percentile within PR. Charities of a similar size with the same main cause include Programa de Ayuda Humanitaria Para Venezuela ($584k), U Empower of Maryland Inc ($584k) and United Way of Trumbull County ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $177k. At year end it held assets of $4.1m against liabilities of $7,328, net assets of $4.0m. It reported 3 employees.