Citizen56 Inc

Analysis

Citizen56 Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Citizen56 Inc reported income of $11.7m and spending of $128k, leaving 99% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $15.0m to $11.7m (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 0.3% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citizen56 Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Chicago Mathematics and Science Academy Charter School Inc ($11.6m), Georgia Southern University Foundation Inc ($11.7m) and Slate School Inc ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36.7m against liabilities of $0, net assets of $36.7m.