Caras of the Americas

Analysis

Caras of the Americas is a registered charity in United States, based in Catano, PR. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Caras of the Americas reported income of $3.8m and spending of $4.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.8m (+191%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 380%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Caras of the Americas sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 86th percentile within PR. Charities of a similar size with the same main cause include Amigos de Honduras ($3.7m), Justice and Mercy International Inc ($3.8m) and Haitian Education & Leadership Program ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $70k (1.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.3m against liabilities of $373k, net assets of $1.9m. It reported 143 employees.