Composite Recycling Technology Center

Analysis

Composite Recycling Technology Center is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Composite Recycling Technology Center reported income of $4.3m and spending of $3.3m, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $4.3m (+299%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Composite Recycling Technology Center sits at the 93rd percentile: it is larger than about 93% 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 Izaak Walton League of America Inc ($4.2m), Friends of the Mississippi River ($4.3m) and Resource Central ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $128k (3.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.4m against liabilities of $2.9m, net assets of $2.5m. It reported 44 employees.