Espacios Abiertos Puerto Rico Inc

Analysis

Espacios Abiertos Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Espacios Abiertos Puerto Rico Inc reported income of $473k and spending of $1.2m, spending 258% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $201k to $473k (+135%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 786%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Espacios Abiertos Puerto Rico Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 55th percentile within PR. Charities of a similar size with the same main cause include Illinois Tactical Officers Association ($473k), Endowment for Middle East Truth ($473k) and Southeast Missouri Facilities Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $126k (10% of expenses). Other salaries and wages came to $445k. At year end it held assets of $816k against liabilities of $111k, net assets of $705k. It reported 8 employees.