Caridad Inc

Analysis

Caridad Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2014, 12 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 December 2023, Caridad Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $1.5m (+827%), an average of +74% a year. The sharpest change came in the year to December 2020, when income rose by 279%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caridad 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 83rd percentile, and in the 85th percentile within NV. Charities of a similar size with the same main cause include Occupational Enterprises Inc ($1.5m), Atlanta Victim Assistance Inc ($1.5m) and Youth Enrichment Services Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $63k (4.2% of expenses). Other salaries and wages came to $379k. At year end it held assets of $134k against liabilities of $212k, net assets of -$78k. It reported 47 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.