Instituto Socio-Economico Comunitario Inc

Analysis

Instituto Socio-Economico Comunitario Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 1988, 38 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 September 2023, Instituto Socio-Economico Comunitario Inc reported income of $10.4m and spending of $10.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.5m to $10.4m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to September 2022, when income rose by 102%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Instituto Socio-Economico Comunitario Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 92nd percentile within PR. Charities of a similar size with the same main cause include Foundations Inc ($10.4m), Hospice of Dubuque ($10.4m) and The Pacific Forest Trust Incorporated ($10.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (1.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.6m against liabilities of $8.2m, net assets of $325k. It reported 59 employees.