Ciencia Puerto Rico Inc

Analysis

Ciencia Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in March 2022, 4 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, Ciencia Puerto Rico Inc reported income of $1.1m and spending of $745k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $731k to $1.1m (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ciencia Puerto Rico Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 73rd percentile within PR. Charities of a similar size with the same main cause include Promote Pt ($1.1m), Worker Power Institute ($1.1m) and New York Professional Advisors for Community Entrepreneurs Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $215k (29% of expenses). At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.0m. It reported 4 employees.