Fundacion Alma de Bahia

Analysis

Fundacion Alma de Bahia is a registered charity in United States, based in Rio Grande, PR. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Fundacion Alma de Bahia reported income of $401k and spending of $512k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $401k (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Fundacion Alma de Bahia sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 51st percentile within PR. Charities of a similar size with the same main cause include Seacrest Wolf Preserve ($401k), Florida Urgent Rescue Inc ($401k) and One Step Closer Animal Rescue Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $291k (57% of expenses). At year end it held assets of $121k against liabilities of $1,937, net assets of $119k.