The Ciesla Foundation Inc

Analysis

The Ciesla Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Ciesla Foundation Inc reported income of $701k and spending of $1.2m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $701k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 877%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Ciesla Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Stormont-Vail Healthcare Auxiliary ($701k), California State Games ($701k) and Little League Baseball Inc ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $241k (20% of expenses). Other salaries and wages came to $34k. At year end it held assets of $257k against liabilities of $36k, net assets of $221k. It reported 2 employees.