Cyt Inc

Analysis

Cyt Inc is a registered charity in United States, based in El Cajon, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 Inc reported income of $553k and spending of $582k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $380k to $553k (+46%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cyt Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Society for Historical Archaeology ($553k), Mission Palms Retirement Housing Inc ($553k) and Foundation Order of Malta Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $225k. At year end it held assets of $86k against liabilities of $14k, net assets of $72k.