Cierto

Analysis

Cierto is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover employment, 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, Cierto reported income of $4.3m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.3m (+171%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cierto sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Tellico Reservoir Development Agency ($4.3m), Oakland Private Industry Council in C ($4.3m) and Revolution Workshop ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $79k, net assets of $1.6m. It reported 9 employees.