Comite Desarrollo Social Y Cultural Daguao Inc

Analysis

Comite Desarrollo Social Y Cultural Daguao Inc is a registered charity in United States, based in Naguabo, PR. It received its IRS tax-exemption ruling in December 2010, 16 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 December 2023, Comite Desarrollo Social Y Cultural Daguao Inc reported income of $94k and spending of $102k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $94k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Comite Desarrollo Social Y Cultural Daguao Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 24th percentile within PR. Charities of a similar size with the same main cause include Junior League of Orange County Californina Inc ($94k), Sweet Inspirations LLC ($94k) and Kiroli Foundation ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $28k. At year end it held assets of $531k against liabilities of $38k, net assets of $493k. It reported 3 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.