Ctc Academy Inc
CTC Academy Inc: Strong Financials, Consistent Growth, and Program Focus
EIN: 221508549 · Fair Lawn, NJ · NTEE: G23Z · Updated: 2026-04-04
Is Ctc Academy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ctc Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ctc Academy Inc
Ctc Academy Inc (EIN: 221508549) is a nonprofit organization based in Fair Lawn, NJ, classified under NTEE code G23Z. The organization reported total revenue of $20.0M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ctc Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ctc Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ctc Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests a reasonable allocation given the organization's size and program delivery.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Ctc Academy Inc:
- Consistent revenue growth from $10.6M in 2016 to $17.4M in 2023, indicating strong fundraising and program demand.
- Healthy asset base, growing from $21.6M in 2016 to $26.9M in 2023, providing financial stability.
- Low fundraising costs, suggesting efficient resource allocation towards programs.
- Strong program focus, with a high percentage of expenses dedicated to direct services.
- Positive net assets and no reported debt, indicating sound financial management.
Frequently Asked Questions about Ctc Academy Inc
Is Ctc Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ctc Academy Inc (EIN: 221508549) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Ctc Academy Inc spend its money?
Ctc Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ctc Academy Inc tax-deductible?
Ctc Academy Inc is registered as a tax-exempt nonprofit (EIN: 221508549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ctc Academy Inc do?
Ctc Academy Inc is a nonprofit organization in the Diseases, Disorders & Medical Disciplines sector, located in Fair Lawn, New Jersey. It is classified under NTEE code G23Z.
How much revenue does Ctc Academy Inc have?
Ctc Academy Inc reported total revenue of $19,957,321. Based on 13 IRS 990 filings on record.
What are Ctc Academy Inc's total assets?
Ctc Academy Inc holds total assets of $28,043,941 as reported in IRS 990 filings.
Where is Ctc Academy Inc located?
Ctc Academy Inc is based in Fair Lawn, New Jersey.
What is Ctc Academy Inc's EIN?
Ctc Academy Inc's Employer Identification Number (EIN) is 221508549. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ctc Academy Inc?
Ctc Academy Inc is classified under NTEE code G23Z (Diseases, Disorders & Medical Disciplines).
Is Ctc Academy Inc a registered 501(c)(3)?
Yes, Ctc Academy Inc is recognized as a tax-exempt organization by the IRS. EIN: 221508549.
Does Ctc Academy Inc file IRS Form 990?
Yes, Ctc Academy Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ctc Academy Inc's revenue in 2023?
In the 202306 filing period, Ctc Academy Inc reported total revenue of $17,485,063, total expenses of $17,135,144, and net assets of $26,967,836.
Is Ctc Academy Inc's revenue growing or declining?
Ctc Academy Inc's revenue is growing. Revenue went from $16,294,688 (202206) to $17,485,063 (202306), a +7.3% change. Based on 13 filings on record.
What is Ctc Academy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ctc Academy Inc covers tax period 202306. It shows revenue of $17,485,063, expenses of $17,135,144, total assets of $26,967,836, and liabilities of $9,302,323.
How much does Ctc Academy Inc spend on programs vs administration?
Based on IRS 990 analysis, Ctc Academy Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Ctc Academy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ctc Academy Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Ctc Academy Inc's strengths?
Positive indicators for Ctc Academy Inc include: Consistent revenue growth from $10.6M in 2016 to $17.4M in 2023, indicating strong fundraising and program demand.. Healthy asset base, growing from $21.6M in 2016 to $26.9M in 2023, providing financial stability.. Low fundraising costs, suggesting efficient resource allocation towards programs.. Strong program focus, with a high percentage of expenses dedicated to direct services.. Positive net assets and no reported debt, indicating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Ctc Academy Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests a reasonable allocation given the organization's size and program delivery. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Ctc Academy Inc?
- CTC Academy Inc. consistently files its Form 990, providing a clear financial overview. - The organization's financial statements show consistent revenue growth and asset accumulation over the past several years. - No significant related-party transactions or unusual expenses were immediately apparent from the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has CTC Academy Inc. managed to achieve consistent revenue growth over nearly a decade?
CTC Academy Inc. has demonstrated consistent revenue growth, increasing from $10,607,150 in 2016 to $17,485,063 in 2023. This sustained growth suggests effective program delivery, strong donor relations, and potentially expanding services or increased enrollment, allowing them to consistently attract funding and support.
What is the significance of the organization's asset growth relative to its liabilities?
The organization's assets have grown from $21,610,898 in 2016 to $26,967,836 in 2023, while liabilities have remained relatively stable (e.g., $6,985,472 in 2016 vs. $9,302,323 in 2023). This indicates a healthy financial position with increasing net assets, suggesting strong financial management and the ability to invest in future programs without accumulating excessive debt.
Filing History
IRS 990 filing history for Ctc Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ctc Academy Inc's revenue has grown by 160.1%, moving from $6.7M to $17.5M. Total assets increased by 272.3% over the same period, from $7.2M to $27.0M. Total functional expenses rose by 158.1%, from $6.6M to $17.1M. In its most recent filing year (2023), Ctc Academy Inc reported a surplus of $350K, with revenue exceeding expenses. The organization holds $9.3M in liabilities against $27.0M in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $17.5M | $17.1M | $27.0M | $9.3M | — | View 990 |
| 2022 | $16.3M | $16.0M | $27.0M | $9.7M | — | View 990 |
| 2021 | $15.7M | $15.1M | $25.5M | $8.5M | — | View 990 |
| 2020 | $14.3M | $13.9M | $24.2M | $7.9M | — | View 990 |
| 2019 | $13.3M | $12.8M | $22.3M | $6.4M | — | View 990 |
| 2018 | $11.8M | $11.4M | $21.8M | $6.4M | — | View 990 |
| 2017 | $12.0M | $11.7M | $21.6M | $6.6M | — | View 990 |
| 2016 | $10.6M | $10.4M | $21.6M | $7.0M | — | View 990 |
| 2015 | $14.8M | $9.4M | $14.6M | $201K | — | View 990 |
| 2014 | $9.7M | $8.3M | $9.7M | $627K | — | View 990 |
| 2013 | $8.1M | $7.8M | $8.1M | $399K | — | View 990 |
| 2012 | $7.7M | $7.5M | $7.4M | $112K | — | View 990 |
| 2011 | $6.7M | $6.6M | $7.2M | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.5M, expenses of $17.1M, and assets of $27.0M (revenue +7.3% year-over-year).
- 2022: Revenue of $16.3M, expenses of $16.0M, and assets of $27.0M (revenue +4.0% year-over-year).
- 2021: Revenue of $15.7M, expenses of $15.1M, and assets of $25.5M (revenue +9.4% year-over-year).
- 2020: Revenue of $14.3M, expenses of $13.9M, and assets of $24.2M (revenue +7.3% year-over-year).
- 2019: Revenue of $13.3M, expenses of $12.8M, and assets of $22.3M (revenue +13.5% year-over-year).
- 2018: Revenue of $11.8M, expenses of $11.4M, and assets of $21.8M (revenue -1.8% year-over-year).
- 2017: Revenue of $12.0M, expenses of $11.7M, and assets of $21.6M (revenue +12.8% year-over-year).
- 2016: Revenue of $10.6M, expenses of $10.4M, and assets of $21.6M (revenue -28.2% year-over-year).
- 2015: Revenue of $14.8M, expenses of $9.4M, and assets of $14.6M (revenue +52.2% year-over-year).
- 2014: Revenue of $9.7M, expenses of $8.3M, and assets of $9.7M (revenue +19.2% year-over-year).
- 2013: Revenue of $8.1M, expenses of $7.8M, and assets of $8.1M (revenue +5.3% year-over-year).
- 2012: Revenue of $7.7M, expenses of $7.5M, and assets of $7.4M (revenue +15.0% year-over-year).
- 2011: Revenue of $6.7M, expenses of $6.6M, and assets of $7.2M.
Data Sources and Methodology
This transparency report for Ctc Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.