Corporacion de Servicios Educativos de Yabucoa

Analysis

Corporacion de Servicios Educativos de Yabucoa is a registered charity in United States, based in Yabucoa, PR. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corporacion de Servicios Educativos de Yabucoa reported income of $6.9m and spending of $6.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $5.2m to $6.9m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporacion de Servicios Educativos de Yabucoa sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 90th percentile within PR. Charities of a similar size with the same main cause include New Beginnings High School ($6.9m), Adelante Schools Inc ($6.9m) and Austin Montessori School Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $31.5m against liabilities of $6.5m, net assets of $25.0m. It reported 244 employees.