Centro Para Emprendedores Inc

Analysis

Centro Para Emprendedores Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Centro Para Emprendedores Inc reported income of $973k and spending of $1.1m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $357k to $973k (+173%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centro Para Emprendedores Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 69th percentile within PR. Charities of a similar size with the same main cause include Koan School ($972k), Womenserve ($973k) and Greater Summit County Early Learning Center ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (12% of expenses). Other salaries and wages came to $734k. At year end it held assets of $725k against liabilities of $559k, net assets of $167k. It reported 15 employees.