African Carribean Institute Inc
African Caribbean Institute: Strong Asset Growth, Low Program Spending
EIN: 222552917 · Norwich, VT · NTEE: Q300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $22K |
| Program Spending | 38% |
| Net Assets | $177K |
| Transparency Score | 65/100 |
Is African Carribean Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Carribean Institute Inc directs 38% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About African Carribean Institute Inc
African Carribean Institute Inc (EIN: 222552917) is a nonprofit organization based in Norwich, VT, classified under NTEE code Q300. The organization reported total revenue of $4K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Carribean Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Carribean Institute Inc is a micro nonprofit that has been operating for 37 years, with 3 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 36.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $22K |
| Surplus / Deficit | +$61K |
| Total Assets | $177K |
| Net Assets | $177K |
| Operating Margin | 73.8% |
| Months of Reserves | 98.1 months |
Financial Health Grade: A
In 2024, African Carribean Institute Inc reported a surplus of $61K with revenue exceeding expenses, holds 98.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2013–2024), African Carribean Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -58.3% | -27.6% | +56.2% |
| 2023 | +6938.8% | +529.8% | +7239.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African Carribean Institute Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 32%
- programs: 38%
- fundraising: 30%
According to IRS 990 filings, African Carribean Institute Inc allocates its expenses as follows: admin: 32%, programs: 38%, fundraising: 30%. Only 38% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of African Carribean Institute Inc's IRS 990 filings:
- Program spending appears low relative to administrative and fundraising costs, particularly in 2024 where expenses (x21626) are significantly higher than reported revenue (r82612) and assets (a176777) are substantial.
- A significant drop in revenue from $198,142 in 2023 to $82,612 in 2024, alongside an increase in assets, warrants further investigation into funding sources and asset utilization.
Strengths
The following positive indicators were identified for African Carribean Institute Inc:
- Consistent filing of financial documents over multiple years demonstrates a commitment to transparency.
- Significant asset growth from $1,542 in 2013 to $176,777 in 2024 indicates effective asset management or substantial donations.
- No reported lobbying activities suggests a focus on direct mission-related work rather than political influence.
Frequently Asked Questions about African Carribean Institute Inc
Is African Carribean Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, African Carribean Institute Inc (EIN: 222552917) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does African Carribean Institute Inc spend its money?
African Carribean Institute Inc directs 38% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Carribean Institute Inc tax-deductible?
African Carribean Institute Inc is registered as a tax-exempt nonprofit (EIN: 222552917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of African Carribean Institute Inc's spending goes to programs?
African Carribean Institute Inc directs 38% to programs, 30% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does African Carribean Institute Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), African Carribean Institute Inc is above average for NTEE category Q300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African Carribean Institute Inc located?
African Carribean Institute Inc is headquartered in Norwich, Vermont and files with the IRS under EIN 222552917. It is classified under NTEE code Q300.
How many years of IRS 990 filings does African Carribean Institute Inc have?
African Carribean Institute Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4K in total revenue.
What does African Carribean Institute Inc do?
African Carribean Institute Inc is a nonprofit organization in the International & Foreign Affairs sector, located in Norwich, Vermont. It is classified under NTEE code Q300.
How much revenue does African Carribean Institute Inc have?
African Carribean Institute Inc reported total revenue of $3,528. Based on 3 IRS 990 filings on record.
What are African Carribean Institute Inc's total assets?
African Carribean Institute Inc holds total assets of $153,574 as reported in IRS 990 filings.
Where is African Carribean Institute Inc located?
African Carribean Institute Inc is based in Norwich, Vermont.
What is African Carribean Institute Inc's EIN?
African Carribean Institute Inc's Employer Identification Number (EIN) is 222552917. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is African Carribean Institute Inc?
African Carribean Institute Inc is classified under NTEE code Q300 (International & Foreign Affairs).
Is African Carribean Institute Inc a registered 501(c)(3)?
Yes, African Carribean Institute Inc is recognized as a tax-exempt organization by the IRS. EIN: 222552917.
Does African Carribean Institute Inc file IRS Form 990?
Yes, African Carribean Institute Inc has 3 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was African Carribean Institute Inc's revenue in 2024?
In the 202406 filing period, African Carribean Institute Inc reported total revenue of $82,612, total expenses of $21,626, and net assets of $176,777.
Is African Carribean Institute Inc's revenue growing or declining?
African Carribean Institute Inc's revenue is declining. Revenue went from $198,142 (202306) to $82,612 (202406), a -58.3% change. Based on 3 filings on record.
What is African Carribean Institute Inc's most recent 990 filing?
The most recent IRS Form 990 filing for African Carribean Institute Inc covers tax period 202406. It shows revenue of $82,612, expenses of $21,626, total assets of $176,777, and liabilities of N/A.
How much does African Carribean Institute Inc spend on programs vs administration?
Based on IRS 990 analysis, African Carribean Institute Inc allocates approximately 38% of expenses to program services, 32% to administrative costs, and 30% to fundraising. Overhead costs appear high relative to program spending.
Is African Carribean Institute Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, African Carribean Institute Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for African Carribean Institute Inc?
The following concerns were identified: Program spending appears low relative to administrative and fundraising costs, particularly in 2024 where expenses (x21626) are significantly higher than reported revenue (r82612) and assets (a176777) are substantial.. A significant drop in revenue from $198,142 in 2023 to $82,612 in 2024, alongside an increase in assets, warrants further investigation into funding sources and asset utilization.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are African Carribean Institute Inc's strengths?
Positive indicators for African Carribean Institute Inc include: Consistent filing of financial documents over multiple years demonstrates a commitment to transparency.. Significant asset growth from $1,542 in 2013 to $176,777 in 2024 indicates effective asset management or substantial donations.. No reported lobbying activities suggests a focus on direct mission-related work rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does African Carribean Institute Inc compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth and the recent decline in revenue, what is the organization's strategy for leveraging its assets to achieve its mission and ensure long-term financial sustainability?
The provided data shows assets growing from $1,542 in 2013 to $176,777 in 2024, while revenue dropped from $198,142 in 2023 to $82,612 in 2024. This suggests a need to understand how these assets are being utilized to support programs, especially in light of the revenue decrease, to ensure the organization can continue its work effectively.
Filing History
IRS 990 filing history for African Carribean Institute Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2024), African Carribean Institute Inc's revenue has grown by 2834.7%, moving from $3K to $83K. Total assets increased by 11364.1% over the same period, from $2K to $177K. Total functional expenses rose by 355.9%, from $5K to $22K. In its most recent filing year (2024), African Carribean Institute Inc reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $83K | $22K | $177K | $0 | — | — |
| 2023 | $198K | $30K | $113K | $0 | — | View 990 |
| 2013 | $3K | $5K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $83K, expenses of $22K, and assets of $177K (revenue -58.3% year-over-year).
- 2023: Revenue of $198K, expenses of $30K, and assets of $113K (revenue +6938.8% year-over-year).
- 2013: Revenue of $3K, expenses of $5K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Carribean Institute Inc:
Data Sources and Methodology
This transparency report for African Carribean Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.