Citadel Real Estate Foundation

Analysis

Citadel Real Estate Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Citadel Real Estate Foundation reported income of $202k and spending of $2.1m, spending 1041% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $202k (-97%), an average of -58% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citadel Real Estate Foundation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Sunnyvale Education Foundation ($202k), Msu Club of West Michigan ($202k) and The Daruby School ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $123k (5.8% of expenses). Other salaries and wages came to $28k. At year end it held assets of $28.3m against liabilities of $18.3m, net assets of $10.1m. It reported 1 employees.