Institute for Cacao and Chocolate Research Inc

Analysis

Institute for Cacao and Chocolate Research Inc is a registered charity in United States, based in Williamsburg, MA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Institute for Cacao and Chocolate Research Inc reported income of $137k and spending of $100k, leaving 27% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $48k to $137k (+188%), an average of +188% a year. The sharpest change came in the year to September 2023, when income rose by 188%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Institute for Cacao and Chocolate Research Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Lulu Tree Foundation ($137k), Lalafofofo Inc ($137k) and 33 Spine Align Inc ($137k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $102k, net assets of -$59k.