Citylight

Analysis

Citylight is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Citylight reported income of $74k and spending of $37k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $74k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citylight sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Atlanta Artists Center Inc ($74k), Lake of the Woods Adaptive Watersports ($74k) and Union Corporation for Better Housing ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.