Caribbean School Inc

Analysis

Caribbean School Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Caribbean School Inc reported income of $3.2m and spending of $3.5m, spending 110% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.2m (-10%), an average of -3.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caribbean School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 85th percentile within PR. Charities of a similar size with the same main cause include American Friends of Lev Aharon ($3.2m), Sacred Heart Health Ventures Inc ($3.2m) and The Family YMCA ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $3.3m against liabilities of $1.4m, net assets of $1.9m. It reported 91 employees.