City First Foundation

Analysis

City First Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City First Foundation reported income of $59k and spending of $111k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $59k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 181% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City First Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include White House Association ($59k), Sudanese Center of North Texas ($59k) and India Association of Southeast Texas ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $57k (52% of expenses). At year end it held assets of $366k against liabilities of $205k, net assets of $161k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.