Romero Institute

Analysis

Romero Institute is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in December 1981, 45 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 December 2023, Romero Institute reported income of $2.3m and spending of $2.6m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 82%. 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, Romero Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Greencroft Communities Foundation Inc ($2.3m), Endependence Center of Northern Virginia Inc ($2.3m) and Roxana Volunteer Fire Company Station 90 ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $434k (16% of expenses). Other salaries and wages came to $944k. At year end it held assets of $1.5m against liabilities of $215k, net assets of $1.3m. It reported 26 employees.