Cape Verdean Recognition Committee Inc

Analysis

Cape Verdean Recognition Committee Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Cape Verdean Recognition Committee Inc reported income of $120k and spending of $90k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $120k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape Verdean Recognition Committee Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Claymont Renaissance Development Corporation Inc ($120k), Downtown Bellefonte Inc ($120k) and Spouses Club of Lewis McChord ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.