Cape Verdean Community Unido

Analysis

Cape Verdean Community Unido is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Cape Verdean Community Unido reported income of $412k and spending of $428k, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $332k to $412k (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cape Verdean Community Unido sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Montana Wounded Warriors Inc ($412k), Altoona Rescue Mission Inc ($412k) and The Arc Jefferson St Lawrence ($412k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $132k. At year end it held assets of $4,628 against liabilities of $0, net assets of $4,628. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.