Foundation for a Better Puerto Rico Inc

Analysis

Foundation for a Better Puerto Rico Inc is a registered charity in United States, based in Culebra, PR. It received its IRS tax-exemption ruling in August 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, Foundation for a Better Puerto Rico Inc reported income of $261k and spending of $148k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $810k to $261k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 402%. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for a Better Puerto Rico Inc 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 59th percentile, and in the 42nd percentile within PR. Charities of a similar size with the same main cause include St Stephens Episcopal School Endowment Fund TR ($261k), YWCA Northwestern Illinois Foundation ($262k) and Eclat Foundation ($261k).

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 $220k against liabilities of $4,756, net assets of $215k.