Fideicomiso Para El Desarrollo de Rio Piedras

Analysis

Fideicomiso Para El Desarrollo de Rio Piedras is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in June 2021, 5 years ago. 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, Fideicomiso Para El Desarrollo de Rio Piedras reported income of $307k and spending of $284k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $238k to $307k (+29%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fideicomiso Para El Desarrollo de Rio Piedras sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 45th percentile within PR. Charities of a similar size with the same main cause include San Diego County Tennis Umpires Association ($307k), Mu Phi Epsilon Foundation ($307k) and 176 South Eighth Street Apartments Housing Development Fund Corp ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $73k (26% of expenses). At year end it held assets of $2.6m against liabilities of $166k, net assets of $2.4m. It reported 1 employees.