Centro San Bonifacio

Analysis

Centro San Bonifacio is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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, Centro San Bonifacio reported income of $558k and spending of $542k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $339k to $558k (+65%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centro San Bonifacio sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Consolidated Community Development Inc ($558k), Salem County Inter-Agency Council of Human Services ($558k) and Spokane Parks Foundation ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $353k (65% of expenses). At year end it held assets of $613k against liabilities of $176k, net assets of $437k. It reported 36 employees.