4-Ct Corp

Analysis

4-Ct Corp is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, 4-Ct Corp reported income of $698k and spending of $2.0m, spending 280% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $343k to $698k (+104%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 1923%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 4-Ct Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include The East Boston Foundation ($697k), Larchmont-Mamaroneck Hunger Task Force Inc ($698k) and Give270 ($697k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $445k (23% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 4 employees.