Cooperativa De Ahorro Y Credito De Manati Inc
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Cooperativa De Ahorro Y Credito De Manati Inc is a 501(c)(14) organization based in Manati, Puerto Rico, registered in 1986, with $21,196,699 in FY2023 revenue. CharityIndex grades it B.
Po Box 30562, Manati, PR, 00674 EIN 66-0220429 Since 1986
Revenue (FY2023)
$21.2M
▲ 63.7% vs prior year
Expenses (FY2023)
$15.2M
Net assets
$52.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cooperativa De Ahorro Y Credito De Manati Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating41 mo reserves · +28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cooperativa De Ahorro Y Credito De Manati Inc: 41 mo reserves · +28% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cooperativa De Ahorro Y Credito De Manati Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cooperativa De Ahorro Y Credito De Manati Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 30562, Manati, PR, 00674
- City
- Manati
- State
- Puerto Rico
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $9.2M (FY2014) to $21.2M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $243.0MNet assets $52.4M
Operating margin
28.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$295.3M
Total liabilities
$243.0M
Net assets
$52.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $21,196,699▲63.7% | $15,222,216▲52.5% | $52,370,662▲47.4% | $295,329,329▲36.0% | 990 |
| 2022 | $12,946,475▲11.6% | $9,981,215▲5.6% | $35,518,952▼15.5% | $217,103,471▼5.4% | 990 |
| 2021 | $11,596,977▼0.1% | $9,452,173▼5.1% | $42,047,988▲5.6% | $229,473,590▲5.7% | 990 |
| 2020 | $11,609,524▲1.3% | $9,964,630▲4.4% | $39,803,769▲8.6% | $217,103,265▲19.7% | 990 |
| 2019 | $11,459,002▲9.9% | $9,548,630▲5.2% | $36,640,462▲12.4% | $181,339,510▲1.0% | 990 |
| 2018 | $10,422,762▲5.9% | $9,077,900▲8.1% | $32,608,444▲8.5% | $179,529,106▲2.5% | 990 |
| 2017 | $9,845,886▲1.4% | $8,396,460▲1.6% | $30,050,919▲8.8% | $175,107,053▲6.2% | 990 |
| 2016 | $9,711,797▲0.9% | $8,264,100▼1.7% | $27,617,667▲6.8% | $164,852,685▲7.3% | 990 |
| 2015 | $9,624,164▲5.2% | $8,404,604▲3.3% | $25,858,341▲16.1% | $153,679,927▲7.1% | 990 |
| 2014 | $9,150,269 | $8,139,149 | $22,269,161 | $143,555,318 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Cooperativa De Ahorro Y Credito De Manati Inc a legitimate nonprofit?
- Yes. Cooperativa De Ahorro Y Credito De Manati Inc is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 66-0220429, based in Manati, Puerto Rico.
- What is Cooperativa De Ahorro Y Credito De Manati Inc's EIN?
- Cooperativa De Ahorro Y Credito De Manati Inc's Employer Identification Number (EIN) is 66-0220429.
- How much revenue does Cooperativa De Ahorro Y Credito De Manati Inc report?
- Cooperativa De Ahorro Y Credito De Manati Inc reported $21,196,699 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Cooperativa De Ahorro Y Credito De Manati Inc have?
- CharityIndex grades Cooperativa De Ahorro Y Credito De Manati Inc B, based on financial health (reserves and operating margin).
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Data for Cooperativa De Ahorro Y Credito De Manati Inc (EIN 66-0220429) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.