Colegio LA Monserrate Inc

Analysis

Colegio LA Monserrate Inc is a registered charity in United States, based in Hormigueros, PR. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colegio LA Monserrate Inc reported income of $202k and spending of $487k, spending 242% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $927k to $202k (-78%), an average of -78% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colegio LA Monserrate Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 38th percentile within PR. Charities of a similar size with the same main cause include Hollidaysburg Area Summer Baseball League ($202k), San Marcos High School PTO ($202k) and Andrean Foundation Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $383k. At year end it held assets of $217k against liabilities of $75k, net assets of $142k. It reported 15 employees.