Fondo de Inversion Y Desarrollo Cooperative Inc

Analysis

Fondo de Inversion Y Desarrollo Cooperative Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in November 2023, 3 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, Fondo de Inversion Y Desarrollo Cooperative Inc reported income of $3.0m and spending of $980k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $3.0m (+190%), an average of +190% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fondo de Inversion Y Desarrollo Cooperative Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 84th percentile within PR. Charities of a similar size with the same main cause include Capital Area Asset Building Corporation ($3.0m), Lift Jax Inc ($3.0m) and Belle Isle Conservancy ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. Compensation of current officers, directors and key employees was $137k (14% of expenses). Other salaries and wages came to $230k. At year end it held assets of $39.8m against liabilities of $101k, net assets of $39.7m. It reported 8 employees.