Cubacaribe

Analysis

Cubacaribe is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2015, 11 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, Cubacaribe reported income of $374k and spending of $357k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $374k (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cubacaribe sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Oklahoma Youth Orchestra Inc ($373k), Opera on Tap ($374k) and Society for Photographic Education Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.