Asociacion Fomento Educativo Inc

Analysis

Asociacion Fomento Educativo Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 December 2023, Asociacion Fomento Educativo Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $908k to $1.1m (+26%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asociacion Fomento Educativo Inc 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 81st percentile, and in the 74th percentile within PR. Charities of a similar size with the same main cause include Romy and Gaby Sci Foundation Inc ($1.1m), Organic Farming Research Foundation ($1.1m) and Association for the Blind and Visually Impaired South Carolina ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $31k (2.5% of expenses). Other salaries and wages came to $119k. At year end it held assets of $9.3m against liabilities of $926k, net assets of $8.3m. It reported 6 employees.