City First Homes Inc

Analysis

City First Homes Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City First Homes Inc reported income of $73k and spending of $335k, spending 460% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $535k to $73k (-86%), an average of -39% a year. The sharpest change came in the year to December 2021, when income rose by 225%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City First Homes Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 14th percentile within DC. Charities of a similar size with the same main cause include Field of Valor ($73k), Calloway Street One Inc ($73k) and Heritage Plaza Phase I a Not-For- Profit Corporation ($73k).

At year end it held assets of $7.0m against liabilities of $3.0m, net assets of $4.0m.