Puente House Foundation

Analysis

Puente House Foundation is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in November 1997, 29 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, Puente House Foundation reported income of $135k and spending of $86k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $135k (+261%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 263%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puente House Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Millersville Area Meals on Wheels ($135k), PSMS 114 PTA ($135k) and Think Great Foundation ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $1.1m against liabilities of $459k, net assets of $650k.