Por Vida Inc

Analysis

Por Vida Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Por Vida Inc reported income of $2.5m and spending of $2.8m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.8m to $2.5m (-57%), an average of -19% a year. The sharpest change came in the year to August 2023, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Por Vida Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Resource Area for Teaching ($2.5m), Tucson Hebrew Academy ($2.5m) and City Academy ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $191k (6.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $467k, net assets of $1.1m. It reported 63 employees.