Caribbean Equality Project

Analysis

Caribbean Equality Project is a registered charity in United States, based in S Ozone Park, NY. It received its IRS tax-exemption ruling in July 2017, 9 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 2022, Caribbean Equality Project reported income of $299k and spending of $287k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $170k to $299k (+76%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caribbean Equality Project sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Meals for Seniors Inc ($299k), Doves Incorporated ($299k) and Ray of Hope Mission Center ($299k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (26% of expenses). Other salaries and wages came to $46k. It paid $4,650 in professional fundraising fees. At year end it held assets of $359k against liabilities of $75k, net assets of $284k.