CTSB Corp

Analysis

CTSB Corp is a registered charity in United States, based in Lee, MA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, CTSB Corp reported income of $515k and spending of $515k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $522k to $515k (-1.3%), an average of -0.3% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CTSB Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Greenville Museum of Art Inc ($515k), Cincinnati Preservation Association ($515k) and Lindsay School of the Arts Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Other salaries and wages came to $301k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 10 employees.