Centro de Estudios Avanzados de Puerto Rico Inc

Analysis

Centro de Estudios Avanzados de Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in November 1980, 46 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, Centro de Estudios Avanzados de Puerto Rico Inc reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centro de Estudios Avanzados de Puerto Rico Inc sits at the 77th percentile: it is larger than about 77% 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 H a and Edna Benning Charitable Endowment Fund ($1.2m), Highland Christian Academy ($1.2m) and Big Sur Charter School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 72% of the total. Compensation of current officers, directors and key employees was $476k (34% of expenses). At year end it held assets of $1.7m against liabilities of $121k, net assets of $1.6m. It reported 28 employees.