Centro Nazareno de Compasion Agape Inc

Analysis

Centro Nazareno de Compasion Agape Inc is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in March 2022, 4 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, Centro Nazareno de Compasion Agape Inc reported income of $155k and spending of $159k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $155k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centro Nazareno de Compasion Agape Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Colorado Association of Snowmobile Clubs Inc ($155k), Stowe Community Fund Inc ($155k) and Bicycle Cooperative of Fort Collins Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (43% of expenses). At year end it held assets of $8,343 against liabilities of $251, net assets of $8,092. It reported 1 employees.