Instituto Modelo Ensenanza Individualizada Inc

Analysis

Instituto Modelo Ensenanza Individualizada Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2016, 10 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, Instituto Modelo Ensenanza Individualizada Inc reported income of $13.3m and spending of $10.6m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $13.3m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Instituto Modelo Ensenanza Individualizada Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 93rd percentile within PR. Charities of a similar size with the same main cause include Pennsylvania Institue of Technology ($13.3m), Trinity Episcopal School ($13.3m) and Older Adults Technology Services Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $327k (3.1% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $19.9m against liabilities of $927k, net assets of $19.0m. It reported 266 employees.