Cabo Rojo Blooming Economies Inc

Analysis

Cabo Rojo Blooming Economies Inc is a registered charity in United States, based in Sabana Grande, PR. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cabo Rojo Blooming Economies Inc reported income of $124k and spending of $122k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $124k (+10%), an average of +10% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cabo Rojo Blooming Economies Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 29th percentile within PR. Charities of a similar size with the same main cause include Iredell Statesville Community Enrichment Corporation Iscec ($124k), Luke 14 Ministries Inc ($124k) and Bridge City Orangefield Ministerial ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.