Asesores Financieros Comunitarios Inc

Analysis

Asesores Financieros Comunitarios Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2010, 16 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 June 2023, Asesores Financieros Comunitarios Inc reported income of $275k and spending of $425k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $445k to $275k (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asesores Financieros Comunitarios Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 43rd percentile within PR. Charities of a similar size with the same main cause include Colorado Energy Foundation ($275k), Charitable Friends of Ashley Valley ($276k) and Reisterstown Improvement Association Inc ($275k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $209k (49% of expenses). At year end it held assets of $233k against liabilities of $92k, net assets of $141k. It reported 10 employees.