Puerto Rican Folkloric Dance Inc

Analysis

Puerto Rican Folkloric Dance Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Puerto Rican Folkloric Dance Inc reported income of $245k and spending of $208k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $216k to $245k (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rican Folkloric Dance Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Colonial Pennsylvania Farmstead ($245k), Hudson Mohawk Industrial Gateway ($245k) and Art of the Lakes Association Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $76k (37% of expenses). At year end it held assets of $284k against liabilities of $1,482, net assets of $282k. It reported 2 employees.