Las Candelas Inc

Analysis

Las Candelas Inc is a registered charity in United States, based in Montrose, CA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Las Candelas Inc reported income of $56k and spending of $40k, leaving 28% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $22k to $56k (+158%), an average of +158% a year. The sharpest change came in the year to May 2024, when income rose by 158%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Las Candelas Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Courtlynns Compass ($56k), Chippewa Local Excellence for Education Foundation ($56k) and Cornerstone Ministries Inc ($56k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.