Caribbean University

Analysis

Caribbean University is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in November 1974, 52 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Caribbean University reported income of $16.2m and spending of $16.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.8m to $16.2m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caribbean University sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within PR. Charities of a similar size with the same main cause include Rubicon Programs Inc ($16.2m), Society of St Vincent de Paul Archdiocese of Galveston-Houston ($16.3m) and Young Mens Christian Association of Muncie Indiana ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $51.4m against liabilities of $26.7m, net assets of $24.7m. It reported 345 employees.