PR Education Initiative Corp

Analysis

PR Education Initiative Corp is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, PR Education Initiative Corp reported income of $416k and spending of $581k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $783k to $416k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PR Education Initiative Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 52nd percentile within PR. Charities of a similar size with the same main cause include Cuero Isd Education Foundation ($416k), Temple Education Foundation Inc ($416k) and Houston Focus Academy Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $182k. At year end it held assets of $251k against liabilities of $11k, net assets of $241k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.