Fundacion Cortes Inc

Analysis

Fundacion Cortes Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Cortes Inc reported income of $619k and spending of $538k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $619k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fundacion Cortes Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 59th percentile within PR. Charities of a similar size with the same main cause include Mission Global USA ($618k), World Associates Ltd ($619k) and Lake Washington Schools Foundation ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $187k. At year end it held assets of $284k against liabilities of $219k, net assets of $65k. It reported 16 employees.