Puerto Rico Information Technology Cluster Inc

Analysis

Puerto Rico Information Technology Cluster Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Puerto Rico Information Technology Cluster Inc reported income of $387k and spending of $330k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $387k (+467%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 494%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rico Information Technology Cluster 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 66th percentile, and in the 50th percentile within PR. Charities of a similar size with the same main cause include Childrens Museum of St Tammany Inc ($387k), Information Age Learning Center ($387k) and Kindling Group NFP ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $5,033, net assets of $97k.