Criterion Institute Inc

Analysis

Criterion Institute Inc is a registered charity in United States, based in Haddam, CT. It received its IRS tax-exemption ruling in February 2012, 14 years ago. 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 2022, Criterion Institute Inc reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.0m to $2.2m (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Criterion Institute Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Vineyard Village Inc ($2.2m), Noah Project Inc ($2.2m) and Friends of the Charter High School for Law and Social Justice Inc ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $123k (6.7% of expenses). Other salaries and wages came to $319k. At year end it held assets of $714k against liabilities of $290k, net assets of $425k. It reported 6 employees.