San Miguel Education Center

Analysis

San Miguel Education Center is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Miguel Education Center reported income of $2.8m and spending of $2.1m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.8m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 176%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Miguel Education Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Project Connection Foundation ($2.8m), Amf International Inc ($2.8m) and Central American Resource Center- Carecen ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $113k (5.4% of expenses). Other salaries and wages came to $921k. At year end it held assets of $12.8m against liabilities of $236k, net assets of $12.6m. It reported 32 employees.