CTK Development Corporation

Analysis

CTK Development Corporation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CTK Development Corporation reported income of $373k and spending of $287k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $437k to $373k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CTK Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Hill District Consensus Group ($373k), Maiden Rosenwalt Community Development Corporation ($374k) and Wisconsin Workforce Development Association ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $2.4m against liabilities of $683k, net assets of $1.7m.