Cibc Holding Corporation

Analysis

Cibc Holding Corporation is a registered charity in United States, based in West Redding, CT. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cibc Holding Corporation reported income of $140k and spending of $77k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $140k (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 145%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cibc Holding Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Victor Chijioke Ministries Inc ($140k), Redeemed Christian Church of God- Fountain of Living Waters ($140k) and Ahava Productions Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.2m against liabilities of $494k, net assets of $1.7m.