Casa Dorada Inc

Analysis

Casa Dorada Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2022, Casa Dorada Inc reported income of $431k and spending of $564k, spending 131% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $368k to $431k (+17%), an average of +5.5% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa Dorada Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 53rd percentile within PR. Charities of a similar size with the same main cause include Salina Grace Foundation ($431k), Parker Home and Associates ($431k) and Alpha Home Inc ($431k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 98% of the total. At year end it held assets of $3.2m against liabilities of $285k, net assets of $3.0m.

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.