Universidad Central Del Caribe Inc

Analysis

Universidad Central Del Caribe Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in December 1981, 45 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, Universidad Central Del Caribe Inc reported income of $25.3m and spending of $22.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $25.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Universidad Central Del Caribe 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 98th percentile, and in the 95th percentile within PR. Charities of a similar size with the same main cause include Pennsylvania Distance Learning Charter School ($25.3m), Corporation of the Washington Latin School ($25.3m) and Salina Health Education Foundaton ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $396k (1.7% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $39.5m against liabilities of $3.5m, net assets of $36.0m. It reported 374 employees.