Citizens Budget Commission Inc

Analysis

Citizens Budget Commission Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1944, 82 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 (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, Citizens Budget Commission Inc reported income of $3.6m and spending of $3.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citizens Budget Commission Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Clark School for Creative Learning Inc ($3.6m), Boys & Girls Clubs of Wayne County Indiana Inc ($3.6m) and Cornerstone Center for Early Learning Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $328k (10% of expenses). Other salaries and wages came to $1.1m. It paid $6,000 in professional fundraising fees. At year end it held assets of $14.4m against liabilities of $2.0m, net assets of $12.4m. It reported 15 employees.