Caribbean Impact Ministries

Analysis

Caribbean Impact Ministries is a registered charity in United States, based in Caledonia, MI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Caribbean Impact Ministries reported income of $3.4m and spending of $117k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $3.4m (+22453%), an average of +22453% a year. The sharpest change came in the year to December 2023, when income rose by 22453%. Over the whole period it spent 3.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caribbean Impact Ministries sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Side by Side Charter School Inc ($3.4m), West Valley Arts & Technology Academy Inc ($3.4m) and First Christian Academy & Learningcenter Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.