Albergue El Paraiso Inc

Analysis

Albergue El Paraiso Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2022, Albergue El Paraiso Inc reported income of $797k and spending of $824k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $699k to $797k (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albergue El Paraiso Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 66th percentile within PR. Charities of a similar size with the same main cause include Celebration Childrens Center of Canastota Inc ($797k), The Family Enrichment Center Inc ($797k) and Options Center for Independent Living Inc ($797k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $1.7m against liabilities of $100k, net assets of $1.6m. It reported 4 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.