Children of the City Inc

Analysis

Children of the City Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Children of the City Inc reported income of $508k and spending of $443k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $508k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Children of the City Inc 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Premier Athletics for Youth Development ($508k), Summerhill Community Ministries Inc ($508k) and Aguila Youth Leadership Instituteinc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $154k. At year end it held assets of $171k against liabilities of $36k, net assets of $135k. It reported 4 employees.