Young Caribbean Professional Network

Analysis

Young Caribbean Professional Network is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Young Caribbean Professional Network reported income of $179k and spending of $120k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $179k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Young Caribbean Professional Network sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include West Chester Girls Softball Association ($179k), Central New York Professional Golfers Association Foundation Inc ($179k) and Willamette Valley Soaring Club Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.