Yraida Guanipa Institute Inc

Analysis

Yraida Guanipa Institute Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yraida Guanipa Institute Inc reported income of $235k and spending of $254k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $235k (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yraida Guanipa Institute Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Friends of the Senior Activity Center of Sheboygan Inc ($235k), Covenat Life Fellowship of Louisiana ($236k) and Veterans Thrift Non Profit Corporation ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,405 (1.7% of expenses). At year end it held assets of $37k against liabilities of $190k, net assets of -$153k.

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.