American Caribbean Maritime Foundation

Analysis

American Caribbean Maritime Foundation is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 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 2023, American Caribbean Maritime Foundation reported income of $189k and spending of $533k, spending 283% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $189k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Caribbean Maritime Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Hands Across Decatur ($189k), Sedro-Woolley Rotary Foundation ($189k) and Humanity House ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% of the total. Compensation of current officers, directors and key employees was $100k (19% of expenses). At year end it held assets of $573k against liabilities of $47k, net assets of $527k. It reported 1 employees.