CTC Academy Inc

Analysis

CTC Academy Inc is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in August 1955, 71 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CTC Academy Inc reported income of $17.5m and spending of $17.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $17.5m (+31%), an average of +7.0% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CTC Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include New Vision Medical Laboratories Inc ($17.5m), Chicago House and Social Service Agency ($17.5m) and Sheridan Community Hospital ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $439k (2.6% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $27.0m against liabilities of $9.3m, net assets of $17.7m. It reported 313 employees.