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2022 Act Foundation Inc

EIN 66-0823462 · Dorado, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong95 out of 100GovernanceFair50 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The organization allocates monetary contributions to charities dealing with different causes like children and human well-being, animal welfare, social care and development, among others. The organization also educates the public about Puerto Rico Acts 20 and 22 of 20 and Act 60 of 2019, as amended.

Income
$2.4 million
Spending
$1.9 million
Spent on programs
78%
Reserves
23.3 months of spending
Largest source of income
donations and private grants, 90%
Employees
2
Volunteers
4
Highest pay
$45,600, secretary

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 95 out of 100. Higher than 75% of charities in its peer group (philanthropy, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 23.3 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 23% of income.

  • Income trend

    10 of 15

    Income fell 2% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 50 out of 100. Higher than 9% of charities in its peer group (philanthropy, $1m to $10m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $442,000 spent. Children well-being: Grants to organizations dealing with children and youth well-being, care, and social development. The purpose of these grants was to support organizations whose work plan deals with addressing spiritual needs, community volunteering, provide shelter, refurbished computers to local schools and disadvantaged communities, supporting libraries that provide learning materials to students from different municipalities of Puerto Rico, scholarships for higher education programs to low-income students, hospice care to children victims of domestic abuse, massive vaccination drive campaigns, and children's hospital facilities.
  2. $150,000 spent. Animal welfare: Grants to nonprofit organizations promoting and safeguarding the welfare of dogs, cats, horses, and the local bee population. The purpose of these grants was to support educational campaigns in those areas, as well as supporting the rescue, care, healing, and adoption of stray dogs and cats, as well as the rehabilitation of horses.
  3. $621,250 spent. Social causes: Grants to nonprofit organizations dealing with domestic abuse awareness, shelter, and rehabilitation of the homeless and the elderly. Programs that support low-income women with sexual and reproductive care and testing. Also to organizations that undertake music healing programs, provide shelter, care, and develop low-income and disadvantaged youth in Puerto Rico.
  4. $235,000 spent. Additional program services included grants for organizations to operate programs related to local beach cleaning activities, education, prevention, and treatment of cancer, supporting the operations of the main trauma hospital in Puerto Rico that treats emergencies that involve high-risk injuries, and to support programs of organizations that covered psychological and physical needs of families during natural disasters in Puerto Rico such as earthquakes and hurricanes, and the coronavirus pandemic, as well as the empowerment of women in the construction work field dealing with housing affected by earthquakes and natural disasters in Puerto Rico.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.