El Regreso Inc

Analysis

El Regreso Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 June 2023, El Regreso Inc reported income of $4.3m and spending of $4.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.3m (+19%), an average of +4.5% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Regreso Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Tomorrows Children Inc ($4.3m), St Anns Corner of Harm Reduction Inc ($4.3m) and Po Ailani ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $17.2m against liabilities of $15.3m, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.