Guanyin Citta of New York Inc

Analysis

Guanyin Citta of New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Guanyin Citta of New York Inc reported income of $309k and spending of $464k, spending 150% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $921k to $309k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guanyin Citta of New York Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($309k), Hillel the Foundation for Jewish Campus Life ($309k) and UCLA Black Alumni Association ($309k).

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 $1.8m against liabilities of $0, net assets of $1.8m.