Caritas Project Inc
Nonprofit profile at a glance
- EIN
- 651092988
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Deerfield Beach, FL, USA
- Phone
- 5629393919
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $49,745
- Expenses
- $53,925
- Assets
- $118,968
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- WAYNE RUGA (PRESIDENT)
Highest reported compensation
- WAYNE RUGA (PRESIDENT): $16,243 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See attached vision statement
What it reported doing in 2024
See attached statement
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 42
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.8%; rating input score 31
- Program expense ratio: 28.5%; rating input score 28
- Fundraising efficiency: $4.27 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.4%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 2.21; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 30.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -10.8% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -6.9% per year; rating input score 0; 38th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 30.8% of revenue deployed · 28.5% of spending went to programs
- Governance: 1 of 1 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $16K · 1 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 10/100.