Cirenas Inc

Analysis

Cirenas Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Cirenas Inc reported income of $161k and spending of $115k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $161k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cirenas Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include A Touch of Love Foundation ($160k), The Legacy Home Ministries ($161k) and Bunkers in Baghdad ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.