Puente Desarrollo Internacional Inc

Analysis

Puente Desarrollo Internacional Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Puente Desarrollo Internacional Inc reported income of $269k and spending of $312k, spending 116% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $223k to $269k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puente Desarrollo Internacional Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Music for All Seasons Inc ($269k), Jackson County 4-H Faa Jr Livestock Auction Committee ($269k) and Rock Port Senior Center Associates ($269k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $69k (22% of expenses). Other salaries and wages came to $48k. At year end it held assets of $26k against liabilities of $0, net assets of $26k. It reported 3 employees.