Arecibo Adult Day Care Inc

Analysis

Arecibo Adult Day Care Inc is a registered charity in United States, based in Hatillo, PR. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arecibo Adult Day Care Inc reported income of $162k and spending of $160k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $162k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arecibo Adult Day Care Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 34th percentile within PR. Charities of a similar size with the same main cause include Project Rooted Inc ($162k), Carly May Foundation ($162k) and Harbor 58 Ministries Inc ($162k).

At year end it held assets of $86k against liabilities of $297k, net assets of -$210k.