Corporacion Desarrollo Economico de Salud Y Vivienda

Analysis

Corporacion Desarrollo Economico de Salud Y Vivienda is a registered charity in United States, based in Arecibo, PR. It received its IRS tax-exemption ruling in June 2009, 17 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 June 2024, Corporacion Desarrollo Economico de Salud Y Vivienda reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $625k to $1.6m (+155%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 173%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corporacion Desarrollo Economico de Salud Y Vivienda sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 78th percentile within PR. Charities of a similar size with the same main cause include Pennsylvania Interfaith Community Programs Inc ($1.6m), Farmingdale Housing Development Fund Company Inc ($1.6m) and Casa Youth Shelter ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $969k. At year end it held assets of $1.1m against liabilities of $228k, net assets of $857k. It reported 37 employees.