Central American Resource Center- Carecen

Analysis

Central American Resource Center- Carecen is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1983, 43 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, Central American Resource Center- Carecen reported income of $2.8m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.8m (+149%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central American Resource Center- Carecen sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include United States Table Tennis Association ($2.8m), Project Connection Foundation ($2.8m) and Youth Unlimited Gospel Outreach ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $113k (4.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.7m against liabilities of $300k, net assets of $2.4m. It reported 30 employees.