Central de Desarrollo Educativo Deportivo Inc

Analysis

Central de Desarrollo Educativo Deportivo Inc is a registered charity in United States, based in Moca, PR. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central de Desarrollo Educativo Deportivo Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $531k to $1.1m (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central de Desarrollo Educativo Deportivo 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 72nd percentile within PR. Charities of a similar size with the same main cause include American Society of Cataract and Refractive Surgery Foundation ($1.1m), Georgia Foumdaion for Agriculture Inc ($1.1m) and Premier Payee Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $43k (4.0% of expenses). Other salaries and wages came to $740k. At year end it held assets of $860k against liabilities of $230k, net assets of $631k. It reported 26 employees.