Centro Geriatrico LA Milagrosa

Analysis

Centro Geriatrico LA Milagrosa is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Centro Geriatrico LA Milagrosa reported income of $417k and spending of $257k, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $252k to $417k (+66%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 146%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centro Geriatrico LA Milagrosa sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 52nd percentile within PR. Charities of a similar size with the same main cause include Community Partners Housing Development Fund Corporation ($416k), Columbus Colony Housing II Inc ($417k) and Harveys Fellowship Home Inc ($416k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (7.7% of expenses). At year end it held assets of $295k against liabilities of $168k, net assets of $128k. It reported 15 employees.