Victus Puerto Rico Inc

Analysis

Victus Puerto Rico Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in July 2020, 6 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, Victus Puerto Rico Inc reported income of $1.1m and spending of $795k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $18k to $1.1m (+5909%), an average of +292% a year. The sharpest change came in the year to December 2021, when income rose by 796%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Victus Puerto Rico Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 73rd percentile within PR. Charities of a similar size with the same main cause include Advance Albany County Alliance Local Development Corporation ($1.1m), The Orangewood Mobilehome Park Corp ($1.1m) and Hed Group Inc ($1.1m).

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 $396k against liabilities of $74k, net assets of $323k.