Caras con Causa inspires confidence in its donors and investors. For this reason, transparency, compliance and sound finances are pillars of the organization.
The following information is presented to help you make an informed decision:
The legal name of Caras con Causa is Caras of the Americas.
EIN: 42-1628144
Caras con Causa is an exempt organization under Section 501(c)(3) of the federal Internal Revenue Code. It is also exempt under Section 1101 of the Puerto Rico Internal Revenue Code.
79% of our funds provide direct services and the remainder is spent on activities that support them.
In compliance with all government agencies.
Audited financial statements for the past three years with an unmodified opinion.
Diversified portfolio of donors and investors that includes: corporations, foundations, self-generated income, individuals and government institutions. Click here to find out who some of our donors and investors are.
Caras has a platinum rating with GuideStar, an organization that measures the transparency of nonprofit organizations.
Financial capacity performance metrics
We use the following performance metrics to measure financial capacity: debt-to-asset ratio, program expense growth and working capital ratio.
-We compare our metrics with those suggested by Charity Navigator, one of the foremost entities in evaluating the financial health and transparency of nonprofit organizations. We also use their scoring system, which ranges from 0 to 10, to evaluate our metrics.
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This ratio is an indicator of the long-term solvency and sustainability of the organization. At the moment, no incoming funds will go to the payment of long-term debt.
The consistent growth in program expenditures shows that we have been able to have a greater ongoing impact and acquire more public support over the years. In addition, it allows us to outpace inflation, thereby sustaining programs year after year.
Maintaining a healthy WC reflects the organization's ability to expand and improve its programs.