Fundacion Stefano Steenbakkers Betancourt Corp

Analysis

Fundacion Stefano Steenbakkers Betancourt Corp is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fundacion Stefano Steenbakkers Betancourt Corp reported income of $446k and spending of $306k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $259k to $446k (+72%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 573%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion Stefano Steenbakkers Betancourt Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Respite Care Atlanta Inc ($446k), Jungle Vine Foundation Inc ($446k) and Tvec Charitable Foundation ($446k).

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 $320k against liabilities of $14k, net assets of $306k.