Caridad Center Inc

Analysis

Caridad Center Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Caridad Center Inc reported income of $6.5m and spending of $9.9m, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $6.5m (+61%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caridad Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Reach Out America Intnl Inc ($6.5m), Arc of Maui County ($6.5m) and Macdonald Training Center Inc ($6.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $760k (7.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $6.6m against liabilities of $568k, net assets of $6.0m. It reported 77 employees.