Centros Sor Isolina Ferre Inc

Analysis

Centros Sor Isolina Ferre Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2023, Centros Sor Isolina Ferre Inc reported income of $22.0m and spending of $22.5m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14.4m to $22.0m (+52%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centros Sor Isolina Ferre Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within PR. Charities of a similar size with the same main cause include Council of Three Rivers American Indian Center Inc ($22.0m), Family Research Council Inc ($22.0m) and Rappahannock Westminster Canterbury Inc ($22.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $550k (2.4% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $22.6m against liabilities of $4.9m, net assets of $17.6m. It reported 630 employees.