Cigar Peg Inc

Analysis

Cigar Peg Inc is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Cigar Peg Inc reported income of $112k and spending of $123k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $112k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cigar Peg Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Sana Akhirah Foundation ($112k), Fleming County Rotary Foundation ($112k) and Urbana Free Library Foundation ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 21% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.