Citec Inc

Analysis

Citec Inc is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Citec Inc reported income of $1.0m and spending of $937k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-7.3%), an average of -1.9% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citec Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Sara Marie School ($1.0m), District of Columbia Public Library Foundation Inc ($1.0m) and Inspire Women ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $667k. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.5m. It reported 7 employees.