Cinco Charities Inc

Analysis

Cinco Charities Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Cinco Charities Inc reported income of $756k and spending of $869k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $756k (-73%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cinco Charities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Jordan Thomas Foundation Inc ($756k), Working Class Acupuncture Inc ($756k) and Polo for Life Inc ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $124k (14% of expenses). Other salaries and wages came to $107k. At year end it held assets of $5.5m against liabilities of $8,022, net assets of $5.5m. It reported 7 employees.

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.