El Centro de Amistad Inc

Analysis

El Centro de Amistad Inc is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 June 2023, El Centro de Amistad Inc reported income of $8.3m and spending of $7.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $8.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Centro de Amistad Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Marion Senior Services Inc ($8.3m), Central Wyoming Hospice Program ($8.3m) and American Immigration Council ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $194k (2.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $5.3m against liabilities of $1.6m, net assets of $3.7m. It reported 102 employees.