Ccat Observatory Inc

Analysis

Ccat Observatory Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Ccat Observatory Inc reported income of $8.2m and spending of $508k, leaving 94% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $8.2m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 7.5% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ccat Observatory Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Institute for Progress ($8.2m), Olelo Community Television ($8.2m) and American Conservative Union Foundation ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $183k. At year end it held assets of $32.9m against liabilities of $98k, net assets of $32.8m.