Cita Thrifts Inc

Analysis

Cita Thrifts Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Cita Thrifts Inc reported income of $1.0m and spending of $1.0m, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $504k to $1.0m (+107%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cita Thrifts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Neighborhood Housing Community Development Corporation ($1.0m), Senior Citizens Housing Development Corporation of Claremont ($1.0m) and Broken But Not Destroyed Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $283k. At year end it held assets of $130k against liabilities of $355, net assets of $129k. It reported 22 employees.