Ciudad Mistica Inc

Analysis

Ciudad Mistica Inc is a registered charity in United States, based in Sabana Grande, PR. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Ciudad Mistica Inc reported income of $85k and spending of $68k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $78k to $85k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ciudad Mistica Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 23rd percentile within PR. Charities of a similar size with the same main cause include Cazenovia Area Community Development Association Inc ($85k), Main Street Manning ($85k) and Planning Association of Washington ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $21k. At year end it held assets of $15.6m against liabilities of $155k, net assets of $15.4m. It reported 1 employees.