Friends of Caritas Cubana Corporation

Analysis

Friends of Caritas Cubana Corporation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Caritas Cubana Corporation reported income of $1.3m and spending of $899k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.3m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 52% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Caritas Cubana Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Vibha Inc Help Them Grow ($1.3m), Village of Hope Inc ($1.3m) and The Friends of Barnabas Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $179k (20% of expenses). Other salaries and wages came to $18k. At year end it held assets of $4.4m against liabilities of $12k, net assets of $4.4m. It reported 3 employees.