Centro Internacional de Restauracion Y Alabanza Inc

Analysis

Centro Internacional de Restauracion Y Alabanza Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centro Internacional de Restauracion Y Alabanza Inc reported income of $981k and spending of $988k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $981k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Centro Internacional de Restauracion Y Alabanza Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Thomas Merton Institute for Catholic Life ($981k), Action Ministries Inc ($982k) and Cambridge Digital Bible Research ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (7.0% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.0m against liabilities of $560k, net assets of $462k. It reported 3 employees.