Banco De Alimentos Puerto Rico Inc

Organization Overview

Banco De Alimentos Puerto Rico Inc is located in Carolina, PR. The organization was established in 1992. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Banco DE Alimentos Puerto Rico Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banco DE Alimentos Puerto Rico Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Banco DE Alimentos Puerto Rico Inc generated $29.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $29.1m during the year ending 06/2022. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO REDUCE HUNGER THROUGH FOOD DISTRIBUTION, AND FOOD PROGRAMS AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NO SIGNIFICANT PROGRAMS ARE LISTED IN THIS SECTION SINCE THE ORGANIZATION'S PROGRAM SERVICES ARE MAINLY FOOD DISTRIBUTION. THROUGHOUT THE YEAR 100% OF THE ORGANIZATION EFFORTS GO TOWARDS CONSTANTLY PROVIDING FOOD AND OTHER GOODS TO FAMILIES IN NEED AND WORKING ON ERADICATING HUNGER. NO OTHER SIGNIFICANT PROGRAMS WERE IN PLACE DURING THE YEAR.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$9,200
Fundraising events$0
Related organizations$0
Government grants $66,370
All other contributions, gifts, grants, and similar amounts not included above$29,145,483
Noncash contributions included in lines 1a–1f $23,565,038
Total Revenue from Contributions, Gifts, Grants & Similar$29,221,053
Total Program Service Revenue$0
Investment income $31,314
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,252,367

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Banco De Alimentos Puerto Rico Inc has recieved totaling $60,774.

Awarding OrganizationAmount
Fondos Unidos De Puerto Rico Inc

Santurce, PR

PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES

$38,576
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,906
Wiggins Foundation Inc

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$250
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$42
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Med Centro Inc
Mercedita, PR
$116,715,570
Hospital Menonita Caguas Inc
Cidra, PR
$113,843,157
Salud Integral En La Montana Inc
Naranjito, PR
$106,337,219
Migrant Health Center
Mayaguez, PR
$107,297,310
Hospital De La Concepcion Inc
San German, PR
$92,905,006
Hospital Damas Inc
Ponce, PR
$73,414,103
Presbyterian Community Hospital Inc
San Juan, PR
$70,919,559
Pontifical Catholic University Of Puerto Rico
Ponce, PR
$97,269,712
Cossma Inc
Cidra, PR
$66,362,775
Neomed Center Inc
Gurabo, PR
$60,486,712
Hospital Menonita Guayama Inc
Cidra, PR
$86,573,108
Hpm Foundation Inc
San Juan, PR
$56,807,836

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