Cicatelli Associates Inc

Analysis

Cicatelli Associates Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Cicatelli Associates Inc reported income of $31.6m and spending of $32.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $31.6m (+127%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cicatelli Associates Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Lasante Health Center Inc ($31.6m), University Hospitals Health System Inc ($31.7m) and Indianapolis Jewish Home Inc Hooverwood ($31.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $709k (2.2% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $17.9m against liabilities of $16.3m, net assets of $1.6m. It reported 191 employees.