Central American Resource Center - Carecen - of California

Analysis

Central American Resource Center - Carecen - of California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Central American Resource Center - Carecen - of California reported income of $11.7m and spending of $12.3m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $8.2m to $11.7m (+42%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central American Resource Center - Carecen - of California sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Lawrence Hall Health & Rehabilitation ($11.7m), Bridge Steps ($11.7m) and Hozhoni Foundation Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $1.2m (9.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $12.2m against liabilities of $1.4m, net assets of $10.8m. It reported 190 employees.