Sociedad Interamericana de Prensa Inc

Analysis

Sociedad Interamericana de Prensa Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sociedad Interamericana de Prensa Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sociedad Interamericana de Prensa Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Northeast Academy a Christian School ($1.2m), Einstein School Inc ($1.2m) and Ark Preschool ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $205k (17% of expenses). Other salaries and wages came to $336k. At year end it held assets of $9.0m against liabilities of $0, net assets of $9.0m. It reported 5 employees.