Caribbean American Center of Ny Inc

Analysis

Caribbean American Center of Ny Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Caribbean American Center of Ny Inc reported income of $95k and spending of $76k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $95k (+181%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caribbean American Center of Ny Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Reclaiming Hope Ranch ($95k), PTA California Congress of Parents Teachers & Students Inc ($95k) and Hermosa Beach Friends of the Library ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $4,000. At year end it held assets of $60k against liabilities of $11k, net assets of $49k. It reported 1 employees.