Cabd Inc

Analysis

Cabd Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cabd Inc reported income of $1.1m and spending of $1.4m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $797k to $1.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cabd Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Charleston Literary Festival Inc ($1.1m), Japanese American Museum of Oregon ($1.1m) and Pennsylvania Avenue Black Arts and Entertainment District Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $221k (16% of expenses). Other salaries and wages came to $702k. At year end it held assets of $1.6m against liabilities of $256k, net assets of $1.4m. It reported 59 employees.