Centro Margarita Inc

Analysis

Centro Margarita Inc is a registered charity in United States, based in Cidra, PR. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2023, Centro Margarita Inc reported income of $3.3m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.3m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Margarita Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 85th percentile within PR. Charities of a similar size with the same main cause include Big Cat Rescue Corp ($3.3m), Foundation Fund ($3.3m) and Show Bus Public Transportation NFP ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $6.2m against liabilities of $1.9m, net assets of $4.3m. It reported 110 employees.