Comite Comunal de Corcovada Inc

Analysis

Comite Comunal de Corcovada Inc is a registered charity in United States, based in Anasco, PR. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Comite Comunal de Corcovada Inc reported income of $123k and spending of $87k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $123k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comite Comunal de Corcovada Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 29th percentile within PR. Charities of a similar size with the same main cause include Acts 6 4 Network Inc ($123k), Jesus Cats ($123k) and Holistic Kids Foundation ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 34% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.