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Center for a New Economy Inc

EIN 66-0566096 · San Juan, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood83 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE PART I, LINE 1 SCHEDULE O DISCLOSURE

Income
$2.0 million
Spending
$2.0 million
Spent on programs
76%
Reserves
14.9 months of spending
Largest source of income
donations and private grants, 98%
Employees
13
Volunteers
10
Highest pay
$259,820, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 83 out of 100. Higher than 70% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 14.9 months of spending.

  • Debt

    10 of 20

    It owes 30% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 74% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    10 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.5 million spent. IN 2024, CNE CONTINUED TO LEAD EFFORTS TO IMPROVE THE SOCIOECONOMIC WELL-BEING OF PUERTO RICO THROUGH INDEPENDENT, EVIDENCE-BASED RESEARCH AND FORWARD-LOOKING POLICY ANALYSIS. OUR WORK FOCUSED ON CRITICAL AREAS INCLUDING ENERGY ACCESS AND RELIABILITY, POVERTY ALLEVIATION, FOOD SECURITY, INDUSTRIAL POLICY, AND THE EFFECTIVE DESIGN AND DELIVERY OF FEDERAL PROGRAMS. AMONG OUR KEY CONTRIBUTIONS, CNE PRODUCED A COMPREHENSIVE REVIEW OF THE U.S. DEPARTMENT OF ENERGY'S STUDY ON PUERTO RICO'S ELECTRIC GRID, WHICH WAS WIDELY DISSEMINATED TO INFORM PUBLIC UNDERSTANDING AND SUPPORT INFORMED POLICYMAKING ON GRID MODERNIZATION. WE ALSO PUBLISHED A LANDMARK POLICY PAPER ADVOCATING FOR A MODERN INDUSTRIAL POLICY TAILORED TO PUERTO RICO'S ECONOMIC REALITIES, AND RELEASED AN IN-DEPTH SUMMARY OF THE MANY COMPLEX AND OVERLAPPING INITIATIVES RESHAPING THE ISLAND'S ENERGY SECTOR. IN PARTNERSHIP WITH THE FINRA FOUNDATION, CNE PUBLISHED A MAJOR REPORT ON THE FINANCIAL CAPABILITY OF INDIVIDUALS AND HOUSEHOLDS IN PUERTO RICO, SHEDDING LIGHT ON CRITICAL CHALLENGES AND OPPORTUNITIES FOR LOCAL RESIDENTS. THESE PUBLICATIONS RECEIVED BROAD MEDIA COVERAGE AND CONTRIBUTED MEANINGFULLY TO PUBLIC DIALOGUE AND POLICY DEBATES. THROUGHOUT THE YEAR, OUR WORK WAS CONSISTENTLY SHARED THROUGH NEWSLETTERS, MEDIA OUTLETS, AND PUBLIC FORUMS-REINFORCING CNE'S ROLE AS A TRUSTED, NONPARTISAN SOURCE OF KNOWLEDGE AND ANALYSIS DEDICATED TO THE ISLAND'S LONG-TERM DEVELOPMENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2000.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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