Cabrito Foundation Incorporated

Analysis

Cabrito Foundation Incorporated is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2024, Cabrito Foundation Incorporated reported income of $117k and spending of $107k, spending 91% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $129k to $117k (-9.0%), an average of -4.6% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cabrito Foundation Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include North Side Mosque Chicago ($117k), Mississippi Hunter-Jumper Association Inc ($117k) and Heritage Square Historical Society Burns Lafferty ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 71% of the total. At year end it held assets of $102k against liabilities of $73k, net assets of $28k.