Fundacion Yo Puedo-Inc

Analysis

Fundacion Yo Puedo-Inc is a registered charity in United States, based in Manati, PR. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundacion Yo Puedo-Inc reported income of $67k and spending of $58k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $67k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion Yo Puedo-Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 19th percentile within PR. Charities of a similar size with the same main cause include Infinite Impact Inc ($67k), Wear Yellow Nebraska ($67k) and Christian Heritage Education Fund ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $78k against liabilities of $57, net assets of $78k.