C-Tac Innovations Inc

Analysis

C-Tac Innovations Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, C-Tac Innovations Inc reported income of $940k and spending of $751k, leaving 20% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.0m to $940k (-54%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, C-Tac Innovations Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Coastal Psychiatric Center Inc ($940k), Blue Channel Therapy ($940k) and Abel Speaks ($940k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $139k (19% of expenses). Other salaries and wages came to $180k. At year end it held assets of $88k against liabilities of $124k, net assets of -$35k.