Endeavor Initiative Puerto Rico Inc

Analysis

Endeavor Initiative Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in June 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 2022, Endeavor Initiative Puerto Rico Inc reported income of $625k and spending of $477k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $391k to $625k (+60%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Endeavor Initiative Puerto Rico Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 60th percentile within PR. Charities of a similar size with the same main cause include Leadership Foundation of Greater Las Vegas Inc ($624k), Amani Foundation Inc ($625k) and Original Six Foundation ($624k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $275k (58% of expenses). At year end it held assets of $379k against liabilities of $166k, net assets of $214k.