Cooperative De Ahorro Y Credito De Lare
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Cooperative De Ahorro Y Credito De Lare is a 501(c)(14) organization based in Lares, Puerto Rico, registered in 1991, with $15,017,332 in FY2024 revenue. CharityIndex grades it B.
Po Box 362, Lares, PR, 00669 EIN 66-0206444 Since 1991
Revenue (FY2024)
$15.0M
▼ 5.3% vs prior year
Expenses (FY2024)
$10.9M
Net assets
$65.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Cooperative De Ahorro Y Credito De Lare— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating71 mo reserves · +27% 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 Cooperative De Ahorro Y Credito De Lare: 71 mo reserves · +27% margin earns a B+ 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 Cooperative De Ahorro Y Credito De Lare— 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 Cooperative De Ahorro Y Credito De Lare: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 362, Lares, PR, 00669
- City
- Lares
- State
- Puerto Rico
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $9.1M (FY2013) to $15.0M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $166.2MNet assets $65.0M
Operating margin
27.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$231.2M
Total liabilities
$166.2M
Net assets
$65.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $15,017,332▼5.3% | $10,918,826▲8.3% | $64,980,550▲6.8% | $231,162,182▲4.1% | 990 |
| 2023 | $15,865,234▲29.0% | $10,086,130▲10.6% | $60,867,288▲16.1% | $222,090,136▲6.2% | 990 |
| 2022 | $12,301,363▼5.3% | $9,119,157▲8.2% | $52,447,838▼7.7% | $209,138,285▲0.9% | 990 |
| 2021 | $12,993,672▲23.8% | $8,430,499▲4.7% | $56,840,229▲11.2% | $207,270,857▲10.6% | 990 |
| 2020 | $10,491,899▲10.1% | $8,054,075▼33.5% | $51,093,385▲7.3% | $187,333,576▲21.1% | 990 |
| 2019 | $9,527,111▲8.2% | $12,106,196▲46.5% | $47,600,485▼4.5% | $154,747,227▲4.7% | 990 |
| 2018 | $8,803,272▲1.1% | $8,263,186▲3.2% | $49,859,093▲1.1% | $147,823,270▲0.2% | 990 |
| 2017 | $8,711,472▲1.6% | $8,006,655 | $49,293,366▲0.2% | $147,537,713▲9.2% | 990 |
| 2016 | $8,576,151▼5.7% | $8,008,848▲18.4% | $49,192,075▲25.1% | $135,106,360▲10.7% | 990 |
| 2013 | $9,090,429 | $6,765,562▲4.4% | $39,317,670▲7.2% | $122,021,907▲1.8% | 990 |
| 2012 | — | $6,481,099 | $36,694,012 | $119,815,239 | 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.
Grants received · $10K total
1 grant to Cooperative De Ahorro Y Credito De Lare totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Inclusiv Inc | Credit union impact capacity building | 2023 | $10,000 |
Frequently asked questions
- Is Cooperative De Ahorro Y Credito De Lare a legitimate nonprofit?
- Yes. Cooperative De Ahorro Y Credito De Lare is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 66-0206444, based in Lares, Puerto Rico.
- What is Cooperative De Ahorro Y Credito De Lare's EIN?
- Cooperative De Ahorro Y Credito De Lare's Employer Identification Number (EIN) is 66-0206444.
- How much revenue does Cooperative De Ahorro Y Credito De Lare report?
- Cooperative De Ahorro Y Credito De Lare reported $15,017,332 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Cooperative De Ahorro Y Credito De Lare have?
- CharityIndex grades Cooperative De Ahorro Y Credito De Lare B, based on financial health (reserves and operating margin).
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Data for Cooperative De Ahorro Y Credito De Lare (EIN 66-0206444) 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.