Corporacion Para LA Promocion de Puerto Rico Como Destino Inc

Analysis

Corporacion Para LA Promocion de Puerto Rico Como Destino Inc is a registered charity in United States, based in San Juan, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corporacion Para LA Promocion de Puerto Rico Como Destino Inc reported income of $57.7m and spending of $66.4m, spending 115% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.6m to $57.7m (+3566%), an average of +106% a year. The sharpest change came in the year to June 2019, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corporacion Para LA Promocion de Puerto Rico Como Destino Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Illinois Action for Children ($57.6m), Lake County Tribal Health Consortium Inc ($57.8m) and Matrix Human Services ($57.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.6m (3.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $25.4m against liabilities of $14.9m, net assets of $10.5m. It reported 60 employees.