Caritas Plaza

Analysis

Caritas Plaza is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 June 2023, Caritas Plaza reported income of $499k and spending of $506k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $415k to $499k (+20%), an average of +4.7% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas Plaza sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include On Drugs Inc ($499k), Cranford Housing Board Inc ($499k) and Asociacion Para LA Educacion Teologica Hispana Inc ($499k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $36k. At year end it held assets of $945k against liabilities of $1.9m, net assets of -$927k.