El Centro Amistad

Analysis

El Centro Amistad is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 2003, 23 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, El Centro Amistad reported income of $1.2m and spending of $942k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $1.2m (+172%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Centro Amistad sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Wayne Reed Christian Child Care Center ($1.2m), Victorious Life Center Inc ($1.2m) and Orting Food Bank Inc ($1.2m).

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 $79k (8.4% of expenses). Other salaries and wages came to $425k. At year end it held assets of $554k against liabilities of $750, net assets of $554k. It reported 12 employees.