Hogar Colegio LA Milagrosa Urb Zeno Gandia

Analysis

Hogar Colegio LA Milagrosa Urb Zeno Gandia is a registered charity in United States, based in Arecibo, PR. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hogar Colegio LA Milagrosa Urb Zeno Gandia reported income of $1.4m and spending of $904k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $946k to $1.4m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hogar Colegio LA Milagrosa Urb Zeno Gandia sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 76th percentile within PR. Charities of a similar size with the same main cause include Daarul Uloom Association ($1.4m), Communities for a New California Education Fund ($1.4m) and The Foundation for Maine Community Colleges ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $570k. At year end it held assets of $853k against liabilities of $5,845, net assets of $848k. It reported 61 employees.