Fundacion El Angel de Miguel Cotto Inc

Analysis

Fundacion El Angel de Miguel Cotto Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in June 2015, 11 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, Fundacion El Angel de Miguel Cotto Inc reported income of $109k and spending of $77k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $109k (+350%), an average of +350% a year. The sharpest change came in the year to December 2023, when income rose by 350%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion El Angel de Miguel Cotto Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 27th percentile within PR. Charities of a similar size with the same main cause include Freedom U ($109k), Pharms Helping Arms Foundation Inc ($109k) and Farmington Youth Assistance Committee ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $161k against liabilities of $68k, net assets of $93k.