Instituto de Competitividad Y Sostenibilidad Economica de Puerto

Analysis

Instituto de Competitividad Y Sostenibilidad Economica de Puerto is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Instituto de Competitividad Y Sostenibilidad Economica de Puerto reported income of $350k and spending of $347k, spending 99% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $198k to $350k (+77%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Instituto de Competitividad Y Sostenibilidad Economica de Puerto sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 48th percentile within PR. Charities of a similar size with the same main cause include Heartfelt Tidbits Inc ($349k), Havenwoods Economic Developement Corp ($350k) and Girard Area Industrial Development Corporation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $58k. At year end it held assets of $640k against liabilities of $614k, net assets of $26k. It reported 1 employees.