Institute of Caribbean Studies

Analysis

Institute of Caribbean Studies is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Institute of Caribbean Studies reported income of $278k and spending of $212k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2017 to December 2023, income grew from $239k to $278k (+16%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Caribbean Studies sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Cim North Central Region Patrons Group ($278k), Diamond Dance Company Inc ($278k) and All Things New Rev 21 5 ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $80k against liabilities of $2,000, net assets of $78k.