El Centro Inc

Analysis

El Centro Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2018, 8 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 2022, El Centro Inc reported income of $294k and spending of $226k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $183k to $294k (+60%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Centro Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Multiply Goodness ($294k), Experience the Heart of Kendallville Inc ($294k) and Atlas Scholars ($294k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (17% of expenses). Other salaries and wages came to $114k. At year end it held assets of $222k against liabilities of $410, net assets of $222k. It reported 5 employees.