Centro de Salud de Lares Inc

Analysis

Centro de Salud de Lares Inc is a registered charity in United States, based in Lares, PR. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2023, Centro de Salud de Lares Inc reported income of $46.8m and spending of $34.8m, leaving 26% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $6.9m to $46.8m (+579%), an average of +61% a year. The sharpest change came in the year to March 2020, when income rose by 314%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centro de Salud de Lares Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within PR. Charities of a similar size with the same main cause include Bacon County Health Services Inc ($46.7m), Accessia Health ($46.8m) and Sunset Community Health Center ($46.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $8.2m. At year end it held assets of $75.3m against liabilities of $4.3m, net assets of $71.0m. It reported 241 employees.