Arts, Culture & Humanities (A12) IRS Verified DX Registered 990 on File

FRIENDS OF PUERTO RICO

EIN: 81-1143995 · AGUADILLA, PR 00605-1437 · United States · FY 2023 Data

3 out of 5 44 / 100 Based on 2+ years of filings

Financial strength (30%) 62/100

Reliability (20%) 50/100

Effectiveness (25%) 61/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Friends of Puerto Rico is a non-partisan, non-profit 501(c)(3) social impact organization based in Washington, DC with the mission of mobilizing a network of partners to create an economic and innovation hub in Puerto Rico by investing in the next generation of leaders and entrepreneurs. Since our beginning in 2015, we have served as an intermediary to provide direct financial support to nonprofit organizations in Puerto Rico. In three years, we have created a network of over 30,000 donors and have over 50 partner organizations.

Financial Overview — FY 2023

$755K

Total Revenue

$634K

Total Expenses

$141K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 61.5%

Fundraising Efficiency N/A

Operating Reserve 2.68x

Liability-to-Asset 79.2%

Revenue Diversification 77.9%

Executive Compensation $121K

Compared with Peers

FY 2023

Compared with 16,965 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	61.5%	81.8%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	38.5%	14.0%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	2.7 mo	10.4 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	79.2%	1.9%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	77.9%	79.8%	P10P90	Above median
Revenue growth Year over year revenue growth	57.4%	9.6%	P10P90
Expense growth Year over year expense growth	-22.7%	13.7%	P10P90
Surplus margin Surplus as a share of revenue	16.0%	1.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$755K	$634K	$141K	61.5%	13
2022	$480K	$820K	$34K	52.9%	7
2021	$373K	$431K	N/A	—	7
2018	$363K	$268K	N/A	—	2

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Organization Details

EIN: 81-1143995
State: PR
City: AGUADILLA
ZIP: 00605-1437
Classification: A12
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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