Virginia Caribbean-American Cultural Association

Analysis

Virginia Caribbean-American Cultural Association is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. 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, Virginia Caribbean-American Cultural Association reported income of $279k and spending of $277k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $113k to $279k (+147%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Caribbean-American Cultural Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Colorado Veterans Project ($279k), Bethlehem TWP Athletic Assn of Bethlehem Township Pennsylvania ($279k) and Taylor County Wisconsin Humane Society Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.