Iniciativa Guatemala

Analysis

Iniciativa Guatemala is a registered charity in United States, based in Bealeton, VA. It received its IRS tax-exemption ruling in August 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, Iniciativa Guatemala reported income of $422k and spending of $386k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $330k to $422k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iniciativa Guatemala sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Kids Aid ($422k), Simple Needs Ga ($422k) and Mitzvah Man Foundation Corp ($422k).

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 $62k (16% of expenses). At year end it held assets of $286k against liabilities of $61k, net assets of $225k. It reported 1 employees.