Citizens Utility Board Inc Cub

Analysis

Citizens Utility Board Inc Cub is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in November 2006, 20 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 (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, Citizens Utility Board Inc Cub reported income of $938k and spending of $1.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $938k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens Utility Board Inc Cub sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Working Landscapes ($938k), Black Chamber of Commerce of Maryland ($939k) and Acc Building Company ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (9.4% of expenses). Other salaries and wages came to $454k. At year end it held assets of $858k against liabilities of $297k, net assets of $561k. It reported 6 employees.