CTC Manufacturing Inc

Analysis

CTC Manufacturing Inc is a registered charity in United States, based in Beaver MDWS, PA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CTC Manufacturing Inc reported income of $1.0m and spending of $924k, spending 92% of its income. Across the 6 years on record, from June 2015 to June 2023, income fell from $2.3m to $1.0m (-56%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CTC Manufacturing Inc 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 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Skills Development Inc ($1.0m), Los Angeles Habilitation House Inc ($1.0m) and Capital Region Economic Developement Corporation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $71k (7.7% of expenses). Other salaries and wages came to $552k. At year end it held assets of $637k against liabilities of $49k, net assets of $588k. It reported 43 employees.