Regalos de Amor Inc

Analysis

Regalos de Amor Inc is a registered charity in United States, based in Hormigueros, PR. It received its IRS tax-exemption ruling in July 2005, 21 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 September 2023, Regalos de Amor Inc reported income of $318k and spending of $328k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $234k to $318k (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regalos de Amor Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 46th percentile within PR. Charities of a similar size with the same main cause include Welcome to a New Life ($318k), Cooperative Nursery School at the Unitarian Society of Germantown ($318k) and Reconciliation Associates Inc ($318k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $206k. At year end it held assets of $82k against liabilities of $43k, net assets of $38k. It reported 8 employees.