Brisas de Ceiba Corp

Analysis

Brisas de Ceiba Corp is a registered charity in United States, based in Ceiba, PR. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Brisas de Ceiba Corp reported income of $446k and spending of $508k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $398k to $446k (+12%), an average of +3.9% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brisas de Ceiba Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Washington Beech Revitalization Corporation ($446k), Creative Compassion Inc ($446k) and Sacred Heart Village II Inc ($446k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 98% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.9m against liabilities of $80k, net assets of $1.8m.

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.