Eduquemos Para LA Vida Inc

Analysis

Eduquemos Para LA Vida Inc is a registered charity in United States, based in Morovis, PR. It received its IRS tax-exemption ruling in May 2021, 5 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 2022, Eduquemos Para LA Vida Inc reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $155k to $1.3m (+710%), an average of +185% a year. The sharpest change came in the year to December 2022, when income rose by 244%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eduquemos Para LA Vida Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 75th percentile within PR. Charities of a similar size with the same main cause include Beaver County Assn for the Blind ($1.3m), Peoples Solar Energy Fund ($1.3m) and Hummingbird Day Care Ministry & Nursery School ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $82k (7.7% of expenses). Other salaries and wages came to $573k. At year end it held assets of $289k against liabilities of $303k, net assets of -$15k. It reported 81 employees.