Friends Of Caritas Cubana Corporation
Friends Of Caritas Cubana Corporation shows strong financial health with consistent asset growth and zero reported officer compensation.
EIN: 203023256 · Cambridge, MA · NTEE: Q11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $899K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.4M |
| Transparency Score | 92/100 |
Is Friends Of Caritas Cubana Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Caritas Cubana Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Caritas Cubana Corporation
Friends Of Caritas Cubana Corporation (EIN: 203023256) is a nonprofit organization based in Cambridge, MA, classified under NTEE code Q11. The organization reported total revenue of $1.8M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Caritas Cubana Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Caritas Cubana Corporation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $899K |
| Surplus / Deficit | +$366K |
| Total Assets | $4.4M |
| Total Liabilities | $12K |
| Net Assets | $4.4M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 58.7 months |
Financial Health Grade: A
In 2023, Friends Of Caritas Cubana Corporation reported a surplus of $366K with revenue exceeding expenses, holds 58.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Caritas Cubana Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | -3.3% | +17.2% |
| 2022 | -39.2% | +32.2% | +4.4% |
| 2021 | +178.5% | -6.6% | +130.2% |
| 2020 | -50.1% | -5.3% | +18.8% |
| 2019 | +109.0% | -4.7% | +268.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Friends Of Caritas Cubana Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Caritas Cubana Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $366K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Friends Of Caritas Cubana Corporation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets nearing $5 million.
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.
Strengths
The following positive indicators were identified for Friends Of Caritas Cubana Corporation:
- Consistent asset growth, from $281,598 in 2014 to $4,394,690 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Expenses consistently lower than revenue in most recent years, allowing for asset accumulation.
- Low liabilities relative to assets, demonstrating strong financial management and stability.
- Strong program spending implied by low administrative overhead and zero executive compensation.
Frequently Asked Questions about Friends Of Caritas Cubana Corporation
Is Friends Of Caritas Cubana Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Caritas Cubana Corporation (EIN: 203023256) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Caritas Cubana Corporation spend its money?
Friends Of Caritas Cubana Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Caritas Cubana Corporation tax-deductible?
Friends Of Caritas Cubana Corporation is registered as a tax-exempt nonprofit (EIN: 203023256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Caritas Cubana Corporation CEO make?
Friends Of Caritas Cubana Corporation's highest-compensated officer earns $5 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Caritas Cubana Corporation's spending goes to programs?
Friends Of Caritas Cubana Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Caritas Cubana Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Caritas Cubana Corporation is above average for NTEE category Q11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Caritas Cubana Corporation located?
Friends Of Caritas Cubana Corporation is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 203023256. It is classified under NTEE code Q11.
How many years of IRS 990 filings does Friends Of Caritas Cubana Corporation have?
Friends Of Caritas Cubana Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Is Friends Of Caritas Cubana Corporation a good charity?
Based on its strong financial health, consistent asset growth, and zero reported officer compensation, Friends Of Caritas Cubana Corporation appears to be a very good charity, demonstrating high efficiency and a strong commitment to its mission.
How has the organization's revenue trended over the past decade?
The organization's revenue has shown significant growth and fluctuation, ranging from $455,325 in 2014 to a peak of $2,432,535 in 2021, and most recently $1,264,591 in 2023, indicating a robust fundraising capacity.
What is the organization's asset growth like?
Friends Of Caritas Cubana Corporation has experienced substantial asset growth, increasing from $281,598 in 2014 to $4,394,690 in 2023, demonstrating strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for Friends Of Caritas Cubana Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Caritas Cubana Corporation's revenue has grown by 273.1%, moving from $339K to $1.3M. Total assets increased by 7726.8% over the same period, from $56K to $4.4M. Total functional expenses rose by 179.9%, from $321K to $899K. In its most recent filing year (2023), Friends Of Caritas Cubana Corporation reported a surplus of $366K, with revenue exceeding expenses. The organization holds $12K in liabilities against $4.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $899K | $4.4M | $12K | — | — |
| 2022 | $1.5M | $929K | $3.7M | $13K | — | View 990 |
| 2021 | $2.4M | $703K | $3.6M | $137K | — | View 990 |
| 2020 | $873K | $752K | $1.6M | $33K | — | View 990 |
| 2019 | $1.7M | $795K | $1.3M | $13K | — | View 990 |
| 2018 | $837K | $833K | $357K | $13K | — | View 990 |
| 2017 | $712K | $775K | $351K | $11K | — | View 990 |
| 2016 | $840K | $584K | $416K | $12K | — | View 990 |
| 2015 | $567K | $693K | $154K | $6K | — | View 990 |
| 2014 | $455K | $365K | $282K | $8K | — | View 990 |
| 2013 | $537K | $459K | $189K | $6K | — | View 990 |
| 2012 | $299K | $248K | $108K | $3K | — | View 990 |
| 2011 | $339K | $321K | $56K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $899K, and assets of $4.4M (revenue -14.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $929K, and assets of $3.7M (revenue -39.2% year-over-year).
- 2021: Revenue of $2.4M, expenses of $703K, and assets of $3.6M (revenue +178.5% year-over-year).
- 2020: Revenue of $873K, expenses of $752K, and assets of $1.6M (revenue -50.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $795K, and assets of $1.3M (revenue +109.0% year-over-year).
- 2018: Revenue of $837K, expenses of $833K, and assets of $357K (revenue +17.6% year-over-year).
- 2017: Revenue of $712K, expenses of $775K, and assets of $351K (revenue -15.3% year-over-year).
- 2016: Revenue of $840K, expenses of $584K, and assets of $416K (revenue +48.2% year-over-year).
- 2015: Revenue of $567K, expenses of $693K, and assets of $154K (revenue +24.5% year-over-year).
- 2014: Revenue of $455K, expenses of $365K, and assets of $282K (revenue -15.2% year-over-year).
- 2013: Revenue of $537K, expenses of $459K, and assets of $189K (revenue +79.7% year-over-year).
- 2012: Revenue of $299K, expenses of $248K, and assets of $108K (revenue -11.8% year-over-year).
- 2011: Revenue of $339K, expenses of $321K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Caritas Cubana Corporation:
Data Sources and Methodology
This transparency report for Friends Of Caritas Cubana Corporation 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.