City Limits News Inc

Analysis

City Limits News Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2009, 17 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 June 2023, City Limits News Inc reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $949k to $1.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Limits News Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Wipe Out Kids Cancer Inc ($1.1m), Womens Center ($1.1m) and Rhode Island Boy Scouts ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $145k (14% of expenses). Other salaries and wages came to $443k. At year end it held assets of $417k against liabilities of $55k, net assets of $361k. It reported 11 employees.