Vitrina Solidaria Inc

Analysis

Vitrina Solidaria Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Vitrina Solidaria Inc reported income of $739k and spending of $744k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $199k to $739k (+272%), an average of +93% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vitrina Solidaria 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 63rd percentile within PR. Charities of a similar size with the same main cause include Kauai Planning & Action Alliance Inc ($739k), Winemakers Research Exchange Inc ($740k) and Downtown Springdale Alliance ($739k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $374k. At year end it held assets of $379k against liabilities of $336k, net assets of $44k. It reported 18 employees.