Caritas of Port Chester Inc

Analysis

Caritas of Port Chester Inc is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Caritas of Port Chester Inc reported income of $2.4m and spending of $2.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $2.4m (+305%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 274%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caritas of Port Chester Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Institute for Racial Equity and Excellence ($2.4m), Dial a Bus Inc ($2.4m) and Center for New Beginnings Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (5.2% of expenses). Other salaries and wages came to $753k. At year end it held assets of $3.9m against liabilities of $82k, net assets of $3.9m. It reported 37 employees.