Iniciativa Comunitaria de Investigacion Inc

Analysis

Iniciativa Comunitaria de Investigacion Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 1992, 34 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 December 2023, Iniciativa Comunitaria de Investigacion Inc reported income of $4.4m and spending of $4.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iniciativa Comunitaria de Investigacion Inc 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 91st percentile, and in the 87th percentile within PR. Charities of a similar size with the same main cause include Center for American Restoration Inc ($4.4m), Serenity Hospicecare ($4.4m) and National Church Residences of ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $2.7m against liabilities of $734k, net assets of $1.9m.