Cid Inc

Analysis

Cid Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2001, 25 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 July 2024, Cid Inc reported income of $130k and spending of $160k, spending 123% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $197k to $130k (-34%), an average of -19% a year. The sharpest change came in the year to July 2024, when income dropped by 33%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cid Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Winner Resource Center for Families ($130k), Indian Circle for Caring USA Inc ($130k) and West River Improvement Association Inc ($130k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.