Caribu House Inc

Analysis

Caribu House Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Caribu House Inc reported income of $55k and spending of $95k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $63k to $55k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caribu House Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Jesus Father of the Poor Clinic Inc ($55k), East Tennessee Intergroup of Aa ($55k) and Camp Starlight Commission ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $488k against liabilities of $595k, net assets of -$107k.

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.