Puerto Seguro Inc

Analysis

Puerto Seguro Inc is a registered charity in United States, based in Socorro, NM. It received its IRS tax-exemption ruling in April 2001, 25 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 December 2023, Puerto Seguro Inc reported income of $127k and spending of $158k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $127k (+4.3%), an average of +4.3% a year. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puerto Seguro Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within NM. Charities of a similar size with the same main cause include Warriors on Wheels of Metropolitan Detroit ($127k), My Friends House Foundation ($127k) and Corus International Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.