Puentes

Analysis

Puentes is a registered charity in United States, based in Las Vegas, NV. 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, Puentes reported income of $1.0m and spending of $876k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $1.0m (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Puentes sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NV. Charities of a similar size with the same main cause include Challenge Mountain of Walloon Hills Inc ($1.0m), New York Society for Gastrointestinal Endoscopy Inc ($1.0m) and Institute of Environmental Sciences and Technology ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $433k. At year end it held assets of $389k against liabilities of $120k, net assets of $269k. It reported 12 employees.