Cubalex

Analysis

Cubalex is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Cubalex reported income of $537k and spending of $559k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $537k (+92%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cubalex sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Malam-Darfur Peace and Development Inc ($537k), Saaf Paani ($537k) and Refugee Protection International Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (21% of expenses). Other salaries and wages came to $93k. At year end it held assets of $255k against liabilities of $249k, net assets of $6,263. It reported 6 employees.