Caribbean American Cultural Group Inc

Analysis

Caribbean American Cultural Group Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in December 2012, 14 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, Caribbean American Cultural Group Inc reported income of $263k and spending of $160k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $263k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caribbean American Cultural Group Inc 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 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Lewisville High School Bandboosters ($263k), Society of Aviation and Flight Educators ($263k) and Empowerment Factory ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $986k against liabilities of $705k, net assets of $282k.