Comite Gericola Regional de Mayagugz Incorporado

Analysis

Comite Gericola Regional de Mayagugz Incorporado is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Comite Gericola Regional de Mayagugz Incorporado reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.1m (+11%), an average of +2.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Comite Gericola Regional de Mayagugz Incorporado sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 73rd percentile within PR. Charities of a similar size with the same main cause include Volunteers of America Inc ($1.1m), Westmoreland Non-Profit Housing Corporation ($1.1m) and Autumn Leaves Assisted Living Estates Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $182k. At year end it held assets of $1.6m against liabilities of $2.4m, net assets of -$817k.