Corporacion Para El Desarrolo Del Centro Financiero de Hato Rey

Analysis

Corporacion Para El Desarrolo Del Centro Financiero de Hato Rey is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Corporacion Para El Desarrolo Del Centro Financiero de Hato Rey reported income of $1.0m and spending of $257k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $1.0m (+1342%), an average of +95% a year. The sharpest change came in the year to December 2020, when income rose by 427%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporacion Para El Desarrolo Del Centro Financiero de Hato Rey sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 71st percentile within PR. Charities of a similar size with the same main cause include Christian Schools International ($1.0m), Entrepreneurs Organization ($1.0m) and Kidz Just Wanna ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.0m against liabilities of $11k, net assets of $2.9m.