Civic New Markets Support Corporation I

Analysis

Civic New Markets Support Corporation I is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Civic New Markets Support Corporation I reported income of $1.4m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $1.4m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 313%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Civic New Markets Support Corporation I 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 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Longmeadow Montessori Internationale Inc ($1.4m), Mercer County District Library ($1.4m) and Liberty Christian School Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.9m against liabilities of $11.2m, net assets of $2.7m.