Cubends Inc

Analysis

Cubends Inc is a registered charity in United States, based in Hurst, TX. It received its IRS tax-exemption ruling in October 2021, 5 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, Cubends Inc reported income of $69k and spending of $62k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $69k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cubends Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Greater Detroit and Windsor Japan America Society ($69k), World Childrens Initiative Inc ($69k) and Farms for Orphans Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.