Centro Cultural Cubano Inc

Analysis

Centro Cultural Cubano Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centro Cultural Cubano Inc reported income of $102k and spending of $94k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $102k (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centro Cultural Cubano Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Open World Dance Foundation Inc ($102k), Laurel Music Camp Inc ($102k) and San Jose Chinese School ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.