Central Caribbean Marine Institute Inc

Analysis

Central Caribbean Marine Institute Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Caribbean Marine Institute Inc reported income of $2.5m and spending of $2.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Caribbean Marine Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include JMG Productions Inc ($2.5m), Sheldon Swope Art Museum Inc ($2.5m) and Cortico Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $84k (4.2% of expenses). Other salaries and wages came to $616k. At year end it held assets of $5.5m against liabilities of $177k, net assets of $5.4m.