Instituto El Rey Inc

Analysis

Instituto El Rey Inc is a registered charity in United States, based in Gulf Shores, AL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Instituto El Rey Inc reported income of $150k and spending of $166k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $195k to $150k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Instituto El Rey Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AL. Charities of a similar size with the same main cause include Friends of National Library of Medicine ($150k), Detroit Bar Association Foundation ($150k) and Kings Town Elementary PTO ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.