Asociacion Acirc Corp

Analysis

Asociacion Acirc Corp is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, 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, Asociacion Acirc Corp reported income of $1.0m and spending of $579k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $184k to $1.0m (+464%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asociacion Acirc Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 71st percentile within PR. Charities of a similar size with the same main cause include Carbon Cycle Institute ($1.0m), Automotive Hall of Fame Inc ($1.0m) and Winnipesaukee Playhouse ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $135k (23% of expenses). Other salaries and wages came to $80k. At year end it held assets of $674k against liabilities of $11k, net assets of $664k. It reported 7 employees.