Central American Refugee Center Carecen Ny

Analysis

Central American Refugee Center Carecen Ny is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in September 1985, 41 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 December 2023, Central American Refugee Center Carecen Ny reported income of $3.0m and spending of $2.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.0m (+182%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central American Refugee Center Carecen Ny sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Abilene ($3.0m), Center for Food Safety ($3.0m) and Presbyterian Home for Children ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $125k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.0m against liabilities of $56k, net assets of $956k. It reported 49 employees.