Centro Obrero Del Fronterizo Inc

Analysis

Centro Obrero Del Fronterizo Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover employment, 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, Centro Obrero Del Fronterizo Inc reported income of $1.5m and spending of $964k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $1.5m (+147%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centro Obrero Del Fronterizo Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include South Bend Civic Theatre Inc ($1.5m), Ending Homelessness Group ($1.5m) and 75 Spruce Street Development ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $153k (16% of expenses). Other salaries and wages came to $226k. At year end it held assets of $3.5m against liabilities of $797k, net assets of $2.7m. It reported 17 employees.