Asociacion El Zeybal Inc

Analysis

Asociacion El Zeybal Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in July 2020, 6 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 El Zeybal Inc reported income of $353k and spending of $362k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $353k (+18%), an average of +5.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asociacion El Zeybal Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 48th percentile within PR. Charities of a similar size with the same main cause include Colorado Public Interest Research Foundation Inc ($353k), Spark Life Services ($353k) and Orland Community Volunteer Fire Department Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $200k. At year end it held assets of $447k against liabilities of $132k, net assets of $314k. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.