Educational Associates Inc Humacao Community College

Analysis

Educational Associates Inc Humacao Community College is a registered charity in United States, based in Humacao, PR. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 2024, Educational Associates Inc Humacao Community College reported income of $1.3m and spending of $1.3m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.0m to $1.3m (-68%), an average of -21% a year. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Associates Inc Humacao Community College sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 75th percentile within PR. Charities of a similar size with the same main cause include Northwest Hvac R Association & Training Center ($1.3m), Habitat for Humanity International Inc ($1.3m) and Lee College Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $227k (17% of expenses). At year end it held assets of $25.2m against liabilities of $744k, net assets of $24.4m. It reported 50 employees.