Caribbean Foundation of Boston Inc

Analysis

Caribbean Foundation of Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Caribbean Foundation of Boston Inc reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.4m (-0.3%), an average of -0.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caribbean Foundation of Boston Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Human Services Council Inc ($2.4m), Courage to Change ($2.4m) and Place of Forsyth County Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $85k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.1m against liabilities of $877k, net assets of $2.2m. It reported 83 employees.