Protechos Inc

Analysis

Protechos Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2019, 7 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, Protechos Inc reported income of $788k and spending of $753k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $566k to $788k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Protechos Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 65th percentile within PR. Charities of a similar size with the same main cause include Cobb Collaborative Inc ($787k), Sunnyside District Management Association ($788k) and Foundation of the Hospitality Sales and Marketing Association Internat ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $594k. At year end it held assets of $349k against liabilities of $31k, net assets of $317k. It reported 23 employees.