Cyt Colorado Springs

Analysis

Cyt Colorado Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2017, 9 years ago. 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, Cyt Colorado Springs reported income of $407k and spending of $306k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $259k to $407k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cyt Colorado Springs sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include American Chemical Society ($407k), Apics Supply Chain Council Inc ($407k) and Akarama Foundation Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $25k. At year end it held assets of $202k against liabilities of $0, net assets of $202k. It reported 21 employees.