Caribbean Resource Ministries

Analysis

Caribbean Resource Ministries is a registered charity in United States, based in Brandon, MS. It received its IRS tax-exemption ruling in July 2014, 12 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 (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, Caribbean Resource Ministries reported income of $73k and spending of $92k, spending 126% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $61k to $73k (+19%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Caribbean Resource Ministries sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MS. Charities of a similar size with the same main cause include Kenyan Worship Worldwide Ministry ($73k), Thriving Villages International ($73k) and Friends of Jewish Renewal in Poland ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (29% of expenses). At year end it held assets of -$19k against liabilities of $0, net assets of -$19k.