Guanyin Citta Inc

Analysis

Guanyin Citta Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Guanyin Citta Inc reported income of $102k and spending of $121k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $102k (-91%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guanyin Citta Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Japanese Americans Care Fund ($102k), Alliance for Interfaith Ministries ($102k) and Thrift Shop of Hagerstown Indiana Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.