Fundacion Emilio Millo Romero Cuevas Inc

Analysis

Fundacion Emilio Millo Romero Cuevas Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Emilio Millo Romero Cuevas Inc reported income of $151k and spending of $114k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $151k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fundacion Emilio Millo Romero Cuevas Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 32nd percentile within PR. Charities of a similar size with the same main cause include Upper Loudoun Youth Football Inc ($151k), Clifton Park-Halfmoon Summer Baseball Club Inc ($151k) and Cheltenham Jay-Vees Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $57k against liabilities of $5,414, net assets of $51k.