Comedores Sociales de Puerto Rico Inc

Analysis

Comedores Sociales de Puerto Rico Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Comedores Sociales de Puerto Rico Inc reported income of $940k and spending of $560k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $213k to $940k (+341%), an average of +110% a year. The sharpest change came in the year to December 2022, when income rose by 370%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comedores Sociales de Puerto Rico Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 69th percentile within PR. Charities of a similar size with the same main cause include Affordable Housing Institute Inc ($939k), Lets Celebrate ($940k) and Restoration House of East Tennessee ($939k).

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 $172k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 7 employees.