Centro Internacional De Restauracion Y Alabanza Inc
EIN: 264732554 · Palm Springs, FL · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $988K |
| Net Assets | $462K |
Is Centro Internacional De Restauracion Y Alabanza Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Centro Internacional De Restauracion Y Alabanza Inc
Centro Internacional De Restauracion Y Alabanza Inc (EIN: 264732554) is a nonprofit organization based in Palm Springs, FL, classified under NTEE code X21. The organization reported total revenue of $1.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centro Internacional De Restauracion Y Alabanza Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centro Internacional De Restauracion Y Alabanza Inc is a mid-size nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $981K |
| Total Expenses | $988K |
| Surplus / Deficit | $-6,572 |
| Total Assets | $1.0M |
| Total Liabilities | $560K |
| Net Assets | $462K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 54.8% |
| Months of Reserves | 12.4 months |
Financial Health Grade: C
In 2023, Centro Internacional De Restauracion Y Alabanza Inc reported a deficit of $7K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 54.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Centro Internacional De Restauracion Y Alabanza Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +14.0% | +5.0% |
| 2022 | +19.0% | +10.1% | +10.5% |
| 2021 | +14.2% | +12.9% | +118.5% |
| 2020 | +18.2% | +5.2% | -5.5% |
| 2019 | -16.8% | -5.1% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Centro Internacional De Restauracion Y Alabanza Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Centro Internacional De Restauracion Y Alabanza Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.8%.
Frequently Asked Questions about Centro Internacional De Restauracion Y Alabanza Inc
Is Centro Internacional De Restauracion Y Alabanza Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Centro Internacional De Restauracion Y Alabanza Inc (EIN: 264732554) insufficient data. 0 red flags identified, 0 strengths noted.
How does Centro Internacional De Restauracion Y Alabanza Inc spend its money?
Detailed spending breakdown data is not yet available for Centro Internacional De Restauracion Y Alabanza Inc. Check back for updated IRS 990 analysis.
Are donations to Centro Internacional De Restauracion Y Alabanza Inc tax-deductible?
Centro Internacional De Restauracion Y Alabanza Inc is registered as a tax-exempt nonprofit (EIN: 264732554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Centro Internacional De Restauracion Y Alabanza Inc located?
Centro Internacional De Restauracion Y Alabanza Inc is headquartered in Palm Springs, Florida and files with the IRS under EIN 264732554. It is classified under NTEE code X21.
How many years of IRS 990 filings does Centro Internacional De Restauracion Y Alabanza Inc have?
Centro Internacional De Restauracion Y Alabanza Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Centro Internacional De Restauracion Y Alabanza Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Centro Internacional De Restauracion Y Alabanza Inc's revenue has grown by 84.3%, moving from $533K to $981K. Total assets increased by 1733.6% over the same period, from $56K to $1.0M. Total functional expenses rose by 107.2%, from $477K to $988K. In its most recent filing year (2023), Centro Internacional De Restauracion Y Alabanza Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $560K in liabilities against $1.0M in assets (debt-to-asset ratio: 54.8%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $981K | $988K | $1.0M | $560K | — | — |
| 2022 | $959K | $867K | $973K | $505K | — | View 990 |
| 2021 | $806K | $787K | $881K | $527K | — | View 990 |
| 2020 | $706K | $697K | $403K | $34K | — | — |
| 2019 | $597K | $663K | $427K | $54K | — | View 990 |
| 2018 | $717K | $698K | $481K | $26K | — | View 990 |
| 2017 | $699K | $688K | $509K | $47K | — | View 990 |
| 2016 | $630K | $649K | $505K | $141K | — | View 990 |
| 2015 | $622K | $631K | $484K | $144K | — | View 990 |
| 2014 | $635K | $569K | $508K | $87K | — | View 990 |
| 2013 | $756K | $457K | $496K | $142K | — | View 990 |
| 2012 | $533K | $477K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $981K, expenses of $988K, and assets of $1.0M (revenue +2.4% year-over-year).
- 2022: Revenue of $959K, expenses of $867K, and assets of $973K (revenue +19.0% year-over-year).
- 2021: Revenue of $806K, expenses of $787K, and assets of $881K (revenue +14.2% year-over-year).
- 2020: Revenue of $706K, expenses of $697K, and assets of $403K (revenue +18.2% year-over-year).
- 2019: Revenue of $597K, expenses of $663K, and assets of $427K (revenue -16.8% year-over-year).
- 2018: Revenue of $717K, expenses of $698K, and assets of $481K (revenue +2.7% year-over-year).
- 2017: Revenue of $699K, expenses of $688K, and assets of $509K (revenue +10.9% year-over-year).
- 2016: Revenue of $630K, expenses of $649K, and assets of $505K (revenue +1.3% year-over-year).
- 2015: Revenue of $622K, expenses of $631K, and assets of $484K (revenue -2.1% year-over-year).
- 2014: Revenue of $635K, expenses of $569K, and assets of $508K (revenue -15.9% year-over-year).
- 2013: Revenue of $756K, expenses of $457K, and assets of $496K (revenue +41.9% year-over-year).
- 2012: Revenue of $533K, expenses of $477K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centro Internacional De Restauracion Y Alabanza Inc:
Data Sources and Methodology
This transparency report for Centro Internacional De Restauracion Y Alabanza Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.