Tesoritos Daycare & Learning Center Inc

Analysis

Tesoritos Daycare & Learning Center Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in May 2011, 15 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, Tesoritos Daycare & Learning Center Inc reported income of $406k and spending of $455k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $406k (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 266%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tesoritos Daycare & Learning Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 51st percentile within PR. Charities of a similar size with the same main cause include Little Lights of the World Inc ($406k), Building Lives Family Development C Enter Inc ($406k) and Vessel for Arts ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $199k. At year end it held assets of $706k against liabilities of $193k, net assets of $514k. It reported 16 employees.