Columbus Citizens Foundation Inc

Analysis

Columbus Citizens Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbus Citizens Foundation Inc reported income of $3.3m and spending of $4.9m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.3m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbus Citizens Foundation Inc sits at the 94th percentile: it is larger than about 94% 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 Urbanglass New York Contemporary Glass Center Inc ($3.3m), Artsbuild ($3.3m) and Kentucky Center for the Arts Foundation Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Compensation of current officers, directors and key employees was $371k (7.6% of expenses). Other salaries and wages came to $879k. At year end it held assets of $29.1m against liabilities of $3.0m, net assets of $26.1m. It reported 16 employees.