Center for Advancement Restoration and Empowerment Inc

Analysis

Center for Advancement Restoration and Empowerment Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Center for Advancement Restoration and Empowerment Inc reported income of $107k and spending of $138k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $81k to $107k (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Advancement Restoration and Empowerment Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Nnewi USA Inc ($107k), Celebration of Life Community Inc ($107k) and Trip of a Lifetime ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. At year end it held assets of $71k against liabilities of $76k, net assets of -$5,046.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.