Cristo Rey Work Study Program

Analysis

Cristo Rey Work Study Program is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cristo Rey Work Study Program reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cristo Rey Work Study Program sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Foundation for a Strong Maine Economy ($3.2m), Connections to Success Inc ($3.2m) and Journalism Funding Partners ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $99k (3.1% of expenses). Other salaries and wages came to $709k. At year end it held assets of $1.1m against liabilities of $220k, net assets of $900k. It reported 117 employees.