Causa Local Corporation

Analysis

Causa Local Corporation is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2023, Causa Local Corporation reported income of $314k and spending of $301k, spending 96% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $67k to $314k (+369%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 625%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Causa Local Corporation 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 63rd percentile, and in the 46th percentile within PR. Charities of a similar size with the same main cause include Delivered to Serve ($314k), Tuolumne County Sheriffs Posse ($314k) and Tacoma Pierce County Chamber of Commerce Foundation ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $142k (47% of expenses). Other salaries and wages came to $7,500. At year end it held assets of $20k against liabilities of $37k, net assets of -$17k. It reported 1 employees.