Castillo de Angeles Inc

Analysis

Castillo de Angeles Inc is a registered charity in United States, based in Canovanas, PR. It received its IRS tax-exemption ruling in September 2006, 20 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, Castillo de Angeles Inc reported income of $724k and spending of $471k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $724k (+251%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Castillo de Angeles Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 63rd percentile within PR. Charities of a similar size with the same main cause include Focused Interruption Inc ($724k), New Heights Christian Community Development Association ($725k) and North Flint Reinvestment Corporation ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $323k. At year end it held assets of $340k against liabilities of $8,180, net assets of $332k. It reported 14 employees.