El Primer Paso Ltd

Analysis

El Primer Paso Ltd is a registered charity in United States, based in Dover, NJ. It received its IRS tax-exemption ruling in September 1978, 48 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, El Primer Paso Ltd reported income of $530k and spending of $562k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $530k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Primer Paso Ltd sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include PTA New York Congress ($530k), Lawrenceburg Lions Homes Inc ($530k) and Rainbow Plaza Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). Other salaries and wages came to $301k. At year end it held assets of $651k against liabilities of $44k, net assets of $607k. It reported 19 employees.