Citizens Union Foundation Inc of the City of New York

Analysis

Citizens Union Foundation Inc of the City of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1950, 76 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 Union Foundation Inc of the City of New York reported income of $724k and spending of $889k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $724k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citizens Union Foundation Inc of the City of New York sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Hastings Public Schools Foundation ($724k), Bay Area Homeless Services Inc ($724k) and Carnegie International Students Institute Corporation ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $174k (20% of expenses). Other salaries and wages came to $429k. It paid $31k in professional fundraising fees. At year end it held assets of $795k against liabilities of $60k, net assets of $735k. It reported 12 employees.