Center for Pharmaceutical Cleaning Innovation Corp

Analysis

Center for Pharmaceutical Cleaning Innovation Corp is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Center for Pharmaceutical Cleaning Innovation Corp reported income of $274k and spending of $222k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $195k to $274k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Pharmaceutical Cleaning Innovation Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include American Friends of Kolel Tiferes Yisroel ($274k), Association of Alumni and Friends of Dayalbagh Educational Institute ($274k) and Education Destination ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Other salaries and wages came to $146k. At year end it held assets of $86k against liabilities of $0, net assets of $86k. It reported 6 employees.