City Year Inc

Analysis

City Year Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover unknown, 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 June 2023, City Year Inc reported income of $168.2m and spending of $176.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $172.6m to $168.2m (-2.5%), an average of -0.6% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Year Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Med Centro Inc ($167.7m), San Antonio Food Bank Inc ($169.1m) and Neo Philanthropy Inc ($167.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2.0m (1.1% of expenses). Other salaries and wages came to $81.0m. It paid $1.2m in professional fundraising fees. At year end it held assets of $107.6m against liabilities of $28.0m, net assets of $79.7m. It reported 1,324 employees.