Hermanos Carmelitas Teresas de San Jose Inc

Analysis

Hermanos Carmelitas Teresas de San Jose Inc is a registered charity in United States, based in Canovanas, PR. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hermanos Carmelitas Teresas de San Jose Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $840k to $1.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hermanos Carmelitas Teresas de San Jose Inc 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 73rd percentile within PR. Charities of a similar size with the same main cause include Creative Environment Day Care Inc ($1.1m), Silver Spring Child Day Care Association Inc ($1.1m) and Camden Day Nursery Assn ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 68% of the total. Other salaries and wages came to $473k. At year end it held assets of $3.5m against liabilities of $15k, net assets of $3.5m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.