City Futures Inc

Analysis

City Futures Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, City Futures Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+6.6%), an average of +1.6% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City Futures Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Homesteads for Hope Inc ($1.5m), Christ the King Housing Inc Dale Mabry Hwy ($1.5m) and New Mexico Housing & Community Development Corp ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $245k (17% of expenses). Other salaries and wages came to $451k. It paid $21k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $797k, net assets of $1.9m. It reported 21 employees.