Cift

Analysis

Cift is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cift reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.4m (+18%), an average of +4.2% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cift sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Union Square Partnership District Management Association Inc ($3.4m), Florida Community Development Corporation ($3.4m) and Georgetown Caring Place ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $567k (18% of expenses). Other salaries and wages came to $949k. At year end it held assets of $2.8m against liabilities of $533k, net assets of $2.3m. It reported 19 employees.