Banda Escolar Sum Guayanilla Inc

Analysis

Banda Escolar Sum Guayanilla Inc is a registered charity in United States, based in Guayanilla, PR. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Banda Escolar Sum Guayanilla Inc reported income of $145k and spending of $144k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $145k (+326%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 259%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Banda Escolar Sum Guayanilla Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 32nd percentile within PR. Charities of a similar size with the same main cause include Korean Martial Arts Culture & Education Foundation Inc ($145k), Grand Forks County Historical Society ($145k) and Liberated Ethnic Studies Model Curriculum Consortium ($145k).

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 $115k against liabilities of $0, net assets of $115k.