Centro de Recursos Educativos Para Adultos Inc

Analysis

Centro de Recursos Educativos Para Adultos Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centro de Recursos Educativos Para Adultos Inc reported income of $98k and spending of $91k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $98k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centro de Recursos Educativos Para Adultos Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Commando Quarterback Club ($98k), Nebraska Farmers Union Foundation Inc ($98k) and Covenant Christian High School Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $96k against liabilities of $1,500, net assets of $94k.