Puerto Rico Rises Corp

Analysis

Puerto Rico Rises Corp is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2020, Puerto Rico Rises Corp reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $62k to $1.7m (+2553%), an average of +2553% a year. The sharpest change came in the year to December 2020, when income rose by 2553%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Puerto Rico Rises Corp sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Woodfin Volunteer Fire Department Inc ($1.6m), Leesburg Volunteer Fire Company ($1.7m) and Stokesdale Fire District Inc ($1.6m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $4,039, net assets of $60k.