City Fabrick

Analysis

City Fabrick is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Fabrick reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $881k to $2.0m (+125%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Fabrick sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include New Workforce Directions Inc ($2.0m), Cityway Community Economic Development Corporation ($2.0m) and Plumbers & Pipefitters Local 51 Joint Apprenticeship Training Cmte ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $85k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $942k against liabilities of $303k, net assets of $639k. It reported 19 employees.