Centro Coameno Para LA Vejez Inc

Analysis

Centro Coameno Para LA Vejez Inc is a registered charity in United States, based in Coamo, PR. It received its IRS tax-exemption ruling in March 2016, 10 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 September 2023, Centro Coameno Para LA Vejez Inc reported income of $371k and spending of $371k, spending 100% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $266k to $371k (+40%), an average of +6.9% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Coameno Para LA Vejez Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 49th percentile within PR. Charities of a similar size with the same main cause include Safe in Lenoir County Inc ($371k), Edward King House Senior Center Inc ($372k) and Jasper Co Committee on Aging Inc ($371k).

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 $28k (7.6% of expenses). Other salaries and wages came to $154k. At year end it held assets of $215k against liabilities of $124k, net assets of $91k. It reported 15 employees.