Fundacion Bucarabon Inc

Analysis

Fundacion Bucarabon Inc is a registered charity in United States, based in Maricao, PR. It received its IRS tax-exemption ruling in December 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundacion Bucarabon Inc reported income of $111k and spending of $136k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $220k to $111k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fundacion Bucarabon Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 28th percentile within PR. Charities of a similar size with the same main cause include Divas Inc-Divinely Inspired to Victoriously Achieve Success Inc ($111k), Junior League of Grand Rapids Michigan Inc ($111k) and Area Jobs Development Association ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $69k against liabilities of $1,034, net assets of $68k. It reported 1 employees.