El Rescate

Analysis

El Rescate is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1996, 30 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, El Rescate reported income of $1.2m and spending of $888k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $931k to $1.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Rescate sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Local Development Corporation of Crown Heights Inc ($1.2m), Regional Development Funding Corporation ($1.2m) and City Community Services ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. At year end it held assets of $902k against liabilities of $40k, net assets of $862k. It reported 14 employees.