Cafa Third Horizon Inc

Analysis

Cafa Third Horizon Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cafa Third Horizon Inc reported income of $602k and spending of $519k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $561k to $602k (+7.3%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cafa Third Horizon Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Community Access Television for Malden Inc ($602k), Bay Area Creative Foundation ($602k) and South Coast Community Media Access Center ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $213k (41% of expenses). It paid $17k in professional fundraising fees. At year end it held assets of $323k against liabilities of $0, net assets of $323k.