Multisensory Reading Centers of PR Inc

Analysis

Multisensory Reading Centers of PR Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Multisensory Reading Centers of PR Inc reported income of $775k and spending of $580k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $570k to $775k (+36%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multisensory Reading Centers of PR Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 65th percentile within PR. Charities of a similar size with the same main cause include Amdpa Foundation Inc ($775k), PTO of the Chathams Inc ($775k) and Project Rousseau Inc ($775k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $169k. At year end it held assets of $875k against liabilities of $43k, net assets of $832k. It reported 6 employees.