Is American Caribbean Experience Inc Legit?

Quick charity verification for American Caribbean Experience Inc (EIN: 10608595)

Verdict: American Caribbean Experience Inc appears trustworthy

75/100Mission Score
$1.5MRevenue
$401KAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

American Caribbean Experience Inc. demonstrates consistent revenue generation, typically exceeding $1 million annually, with the latest reported revenue at $1,477,190. However, the organization has frequently operated with expenses exceeding revenue in recent years, notably in 2023 ($1,421,125 expenses vs. $1,233,742 revenue) and 2022 ($1,371,295 expenses vs. $1,230,458 revenue), indicating a trend of deficit spending. While assets have fluctuated, they have seen a significant decline from a high of $1,892,962 in 2017 to $289,005 in 2023, alongside a notable increase in liabilities from $2,564 in 2014 to $225,060 in 2023. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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