Colectivo El Ancon de Loiza Incorporado

Analysis

Colectivo El Ancon de Loiza Incorporado is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Colectivo El Ancon de Loiza Incorporado reported income of $831k and spending of $115k, leaving 86% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $72k to $831k (+1047%), an average of +239% a year. The sharpest change came in the year to December 2023, when income rose by 1379%. Over the whole period it spent 27% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colectivo El Ancon de Loiza Incorporado sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 67th percentile within PR. Charities of a similar size with the same main cause include Lakota Language Consortium Inc ($831k), Friends of the Neuberger Museum Inc ($831k) and Hope Center for Arts and Technology Inc ($831k).

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 $747k against liabilities of $0, net assets of $747k.