Puerto Rican Org For Community Educational & Economic Development
Puerto Rican Org For Community Educational & Economic Development: Financial Stability Amidst Fluctuating Revenue
EIN: 222088378 · Elizabeth, NJ · NTEE: P840 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $11.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $9.2M |
| Transparency Score | 75/100 |
Is Puerto Rican Org For Community Educational & Economic Development Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Puerto Rican Org For Community Educational & Economic Development directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Puerto Rican Org For Community Educational & Economic Development
Puerto Rican Org For Community Educational & Economic Development (EIN: 222088378) is a nonprofit organization based in Elizabeth, NJ, classified under NTEE code P840. The organization reported total revenue of $11.0M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puerto Rican Org For Community Educational & Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Puerto Rican Org For Community Educational & Economic Development is a large nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $11.8M |
| Surplus / Deficit | +$419K |
| Total Assets | $12.1M |
| Total Liabilities | $2.9M |
| Net Assets | $9.2M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 24.1% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Puerto Rican Org For Community Educational & Economic Development reported a surplus of $419K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 24.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Puerto Rican Org For Community Educational & Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | -7.6% | +2.8% |
| 2022 | +34.7% | +36.1% | +5.1% |
| 2021 | +16.2% | +17.2% | +7.8% |
| 2020 | -5.8% | -10.2% | +2.8% |
| 2019 | -13.4% | -13.5% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Puerto Rican Org For Community Educational & Economic Development with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Puerto Rican Org For Community Educational & Economic Development allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $419K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 in available filings, which is unusual for an organization of this size and suggests compensation may be reported under other expense categories or through related entities, requiring deeper scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Puerto Rican Org For Community Educational & Economic Development's IRS 990 filings:
- Consistent reporting of $0 for key employee compensation across multiple years raises concerns about transparency and accurate disclosure of executive pay.
- The organization's location in Elizabeth, NJ, while serving Puerto Rican communities, could imply significant administrative or travel overhead not explicitly detailed in basic filings.
Strengths
The following positive indicators were identified for Puerto Rican Org For Community Educational & Economic Development:
- The organization demonstrates consistent asset levels over several years, indicating financial stability.
- Despite revenue fluctuations, the organization has maintained a healthy asset base, suggesting effective financial stewardship.
- The organization has a long operating history with consistent filings, indicating a well-established presence.
Frequently Asked Questions about Puerto Rican Org For Community Educational & Economic Development
Is Puerto Rican Org For Community Educational & Economic Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Puerto Rican Org For Community Educational & Economic Development (EIN: 222088378) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Puerto Rican Org For Community Educational & Economic Development spend its money?
Puerto Rican Org For Community Educational & Economic Development directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Puerto Rican Org For Community Educational & Economic Development tax-deductible?
Puerto Rican Org For Community Educational & Economic Development is registered as a tax-exempt nonprofit (EIN: 222088378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Puerto Rican Org For Community Educational & Economic Development CEO make?
Puerto Rican Org For Community Educational & Economic Development's highest-compensated officer earns $0 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Puerto Rican Org For Community Educational & Economic Development's spending goes to programs?
Puerto Rican Org For Community Educational & Economic Development directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Puerto Rican Org For Community Educational & Economic Development compare to similar nonprofits?
With a transparency score of 75/100 (Good), Puerto Rican Org For Community Educational & Economic Development is above average for NTEE category P840 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Puerto Rican Org For Community Educational & Economic Development located?
Puerto Rican Org For Community Educational & Economic Development is headquartered in Elizabeth, New Jersey and files with the IRS under EIN 222088378. It is classified under NTEE code P840.
How many years of IRS 990 filings does Puerto Rican Org For Community Educational & Economic Development have?
Puerto Rican Org For Community Educational & Economic Development has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.0M in total revenue.
What does Puerto Rican Org For Community Educational & Economic Development do?
Puerto Rican Org For Community Educational & Economic Development is a nonprofit organization in the Human Services sector, located in Elizabeth, New Jersey. It is classified under NTEE code P840.
How much revenue does Puerto Rican Org For Community Educational & Economic Development have?
Puerto Rican Org For Community Educational & Economic Development reported total revenue of $10,987,893. Based on 12 IRS 990 filings on record.
What are Puerto Rican Org For Community Educational & Economic Development's total assets?
Puerto Rican Org For Community Educational & Economic Development holds total assets of $11,018,513 as reported in IRS 990 filings.
Where is Puerto Rican Org For Community Educational & Economic Development located?
Puerto Rican Org For Community Educational & Economic Development is based in Elizabeth, New Jersey.
What is Puerto Rican Org For Community Educational & Economic Development's EIN?
Puerto Rican Org For Community Educational & Economic Development's Employer Identification Number (EIN) is 222088378. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Puerto Rican Org For Community Educational & Economic Development?
Puerto Rican Org For Community Educational & Economic Development is classified under NTEE code P840 (Human Services).
Is Puerto Rican Org For Community Educational & Economic Development a registered 501(c)(3)?
Yes, Puerto Rican Org For Community Educational & Economic Development is recognized as a tax-exempt organization by the IRS. EIN: 222088378.
Does Puerto Rican Org For Community Educational & Economic Development file IRS Form 990?
Yes, Puerto Rican Org For Community Educational & Economic Development has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Puerto Rican Org For Community Educational & Economic Development's revenue in 2023?
In the 202306 filing period, Puerto Rican Org For Community Educational & Economic Development reported total revenue of $12,200,647, total expenses of $11,781,245, and net assets of $12,137,452.
Is Puerto Rican Org For Community Educational & Economic Development's revenue growing or declining?
Puerto Rican Org For Community Educational & Economic Development's revenue is declining. Revenue went from $13,199,398 (202206) to $12,200,647 (202306), a -7.6% change. Based on 12 filings on record.
What is Puerto Rican Org For Community Educational & Economic Development's most recent 990 filing?
The most recent IRS Form 990 filing for Puerto Rican Org For Community Educational & Economic Development covers tax period 202306. It shows revenue of $12,200,647, expenses of $11,781,245, total assets of $12,137,452, and liabilities of $2,919,364.
How much does Puerto Rican Org For Community Educational & Economic Development spend on programs vs administration?
Based on IRS 990 analysis, Puerto Rican Org For Community Educational & Economic Development allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Puerto Rican Org For Community Educational & Economic Development a trustworthy charity?
Based on AI analysis of IRS 990 data, Puerto Rican Org For Community Educational & Economic Development appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Puerto Rican Org For Community Educational & Economic Development?
The following concerns were identified: Consistent reporting of $0 for key employee compensation across multiple years raises concerns about transparency and accurate disclosure of executive pay.. The organization's location in Elizabeth, NJ, while serving Puerto Rican communities, could imply significant administrative or travel overhead not explicitly detailed in basic filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Puerto Rican Org For Community Educational & Economic Development's strengths?
Positive indicators for Puerto Rican Org For Community Educational & Economic Development include: The organization demonstrates consistent asset levels over several years, indicating financial stability.. Despite revenue fluctuations, the organization has maintained a healthy asset base, suggesting effective financial stewardship.. The organization has a long operating history with consistent filings, indicating a well-established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Puerto Rican Org For Community Educational & Economic Development compensate executives?
Executive compensation is consistently reported as $0 in available filings, which is unusual for an organization of this size and suggests compensation may be reported under other expense categories or through related entities, requiring deeper scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for key employee compensation, how does the organization attract and retain leadership, and where are these costs truly reflected in their financial statements?
The consistent $0 compensation for key employees suggests that executive compensation might be embedded within program expenses, administrative costs, or paid through a related party not directly disclosed in the 'compensation of officers, directors, trustees, and key employees' section. This practice, while not illegal, obscures the true cost of leadership and warrants further investigation into detailed expense breakdowns or related party transactions.
Filing History
IRS 990 filing history for Puerto Rican Org For Community Educational & Economic Development showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Puerto Rican Org For Community Educational & Economic Development's revenue has grown by 3.2%, moving from $11.8M to $12.2M. Total assets decreased by 2.9% over the same period, from $12.5M to $12.1M. Total functional expenses rose by 2.2%, from $11.5M to $11.8M. In its most recent filing year (2023), Puerto Rican Org For Community Educational & Economic Development reported a surplus of $419K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $12.1M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $11.8M | $12.1M | $2.9M | — | View 990 |
| 2022 | $13.2M | $12.7M | $11.8M | $3.0M | — | View 990 |
| 2021 | $9.8M | $9.4M | $11.2M | $2.9M | — | View 990 |
| 2020 | $8.4M | $8.0M | $10.4M | $2.5M | — | View 990 |
| 2019 | $9.0M | $8.9M | $10.1M | $2.7M | — | View 990 |
| 2018 | $10.3M | $10.3M | $10.3M | $2.9M | — | View 990 |
| 2017 | $9.6M | $9.5M | $11.3M | $3.9M | — | View 990 |
| 2016 | $9.4M | $9.4M | $10.5M | $3.3M | — | View 990 |
| 2015 | $10.9M | $9.5M | $11.1M | $3.8M | — | View 990 |
| 2014 | $8.0M | $8.2M | $11.6M | $5.7M | — | View 990 |
| 2013 | $8.7M | $8.7M | $11.8M | $5.7M | — | View 990 |
| 2012 | $11.8M | $11.5M | $12.5M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $11.8M, and assets of $12.1M (revenue -7.6% year-over-year).
- 2022: Revenue of $13.2M, expenses of $12.7M, and assets of $11.8M (revenue +34.7% year-over-year).
- 2021: Revenue of $9.8M, expenses of $9.4M, and assets of $11.2M (revenue +16.2% year-over-year).
- 2020: Revenue of $8.4M, expenses of $8.0M, and assets of $10.4M (revenue -5.8% year-over-year).
- 2019: Revenue of $9.0M, expenses of $8.9M, and assets of $10.1M (revenue -13.4% year-over-year).
- 2018: Revenue of $10.3M, expenses of $10.3M, and assets of $10.3M (revenue +7.3% year-over-year).
- 2017: Revenue of $9.6M, expenses of $9.5M, and assets of $11.3M (revenue +2.7% year-over-year).
- 2016: Revenue of $9.4M, expenses of $9.4M, and assets of $10.5M (revenue -13.9% year-over-year).
- 2015: Revenue of $10.9M, expenses of $9.5M, and assets of $11.1M (revenue +35.8% year-over-year).
- 2014: Revenue of $8.0M, expenses of $8.2M, and assets of $11.6M (revenue -8.4% year-over-year).
- 2013: Revenue of $8.7M, expenses of $8.7M, and assets of $11.8M (revenue -26.0% year-over-year).
- 2012: Revenue of $11.8M, expenses of $11.5M, and assets of $12.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Puerto Rican Org For Community Educational & Economic Development:
Data Sources and Methodology
This transparency report for Puerto Rican Org For Community Educational & Economic Development is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.