Associacao Cabo Verdiana de Brockton Inc

Analysis

Associacao Cabo Verdiana de Brockton Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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, Associacao Cabo Verdiana de Brockton Inc reported income of $1.2m and spending of $889k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $234k to $1.2m (+395%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associacao Cabo Verdiana de Brockton Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.2m), Robeson County Committee on Domestic Violence ($1.2m) and Child Evangelism Fellowship Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $92k (10% of expenses). Other salaries and wages came to $378k. At year end it held assets of $888k against liabilities of $9,724, net assets of $879k. It reported 12 employees.