Ctae Resource Network Inc

Analysis

Ctae Resource Network Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ctae Resource Network Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.4m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ctae Resource Network Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Tranquil Hearts Inc ($1.4m), St Pauls Community Development Corporation ($1.4m) and Helping Hands for Single Moms ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $118k. At year end it held assets of $635k against liabilities of $150k, net assets of $485k. It reported 2 employees.