Al Sol de Hoy Inc

Analysis

Al Sol de Hoy Inc is a registered charity in United States, based in Barranquitas, PR. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2020, Al Sol de Hoy Inc reported income of $66k and spending of $59k, spending 89% of its income. Across the 5 years on record, from December 2016 to December 2020, income grew from $4,000 to $66k (+1545%), an average of +101% a year. The sharpest change came in the year to December 2020, when income rose by 221%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Al Sol de Hoy Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 18th percentile within PR. Charities of a similar size with the same main cause include Parent Booster USA Inc ($66k), Oconomowoc Historical Society Inc ($66k) and Northern Nevada Dui Task Force ($66k).

On its Form 990-EZ for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.