Center for Cuban Studies Inc

Analysis

Center for Cuban Studies Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover social science, 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, Center for Cuban Studies Inc reported income of $434k and spending of $376k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $482k to $434k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Cuban Studies Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Jubilee Players Inc ($434k), New Harmony Project Inc ($434k) and Lawndale Art and Performance Center ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $17k (4.4% of expenses). Other salaries and wages came to $47k. At year end it held assets of $481k against liabilities of $44k, net assets of $437k. It reported 4 employees.