Corporacion Para El Desarrollo Economico de Trujillo Alto

Analysis

Corporacion Para El Desarrollo Economico de Trujillo Alto is a registered charity in United States, based in Trujillo Alto, PR. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Corporacion Para El Desarrollo Economico de Trujillo Alto reported income of $786k and spending of $419k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $786k (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 399%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corporacion Para El Desarrollo Economico de Trujillo Alto sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 65th percentile within PR. Charities of a similar size with the same main cause include Mac Arthur Park Towers ($786k), Beacon Senior Housing Corp ($786k) and Northern Lights Housing Corp ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $51k (12% of expenses). Other salaries and wages came to $65k. At year end it held assets of $3.8m against liabilities of $520k, net assets of $3.3m. It reported 4 employees.