Tri-Cities Puentes Initiative

Analysis

Tri-Cities Puentes Initiative is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2022, 4 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 (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, Tri-Cities Puentes Initiative reported income of $188k and spending of $154k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $188k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tri-Cities Puentes Initiative sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Three Bone Theatre Inc ($188k), Arc Athens Inc ($188k) and Mount Calvary Academy of Music ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $111k against liabilities of $2,366, net assets of $109k.