Citylax Inc

Analysis

Citylax Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Citylax Inc reported income of $563k and spending of $484k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $460k to $563k (+22%), an average of +5.2% a year. The sharpest change came in the year to August 2021, when income rose by 284%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Citylax Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Playmaker Futbol Academy ($562k), Michigan Revolution F C ($563k) and Ghisallo Cycling Initiative ($562k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $221k. At year end it held assets of $583k against liabilities of $5,170, net assets of $578k. It reported 2 employees.