Cita Inc

Analysis

Cita Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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, Cita Inc reported income of $1.6m and spending of $907k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $968k to $1.6m (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cita Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Eagan Athletic Association ($1.6m), Lansing Area AIDS Network ($1.6m) and Lewis H Latimer Fund Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $125k (14% of expenses). Other salaries and wages came to $272k. At year end it held assets of $3.8m against liabilities of $91k, net assets of $3.7m. It reported 12 employees.