Centro de Desarrollo Y Servicios Especializados Inc

Analysis

Centro de Desarrollo Y Servicios Especializados Inc is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in December 2001, 25 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 Desarrollo Y Servicios Especializados Inc reported income of $407k and spending of $413k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $490k to $407k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centro de Desarrollo Y Servicios Especializados Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 51st percentile within PR. Charities of a similar size with the same main cause include Simba Educational Ministries ($407k), Helena Education Foundation ($407k) and Tenney Nursery and Parent Center Inc ($407k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.6m against liabilities of $870k, net assets of $738k.