Citizens Committee for New York City Inc

Analysis

Citizens Committee for New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1975, 51 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 September 2023, Citizens Committee for New York City Inc reported income of $3.0m and spending of $3.1m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $3.0m (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens Committee for New York City Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Metropolitan Consortium of Community Developers ($3.0m), Mid City Community Advocacy Network ($3.0m) and Chips Network Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $593k (19% of expenses). Other salaries and wages came to $669k. At year end it held assets of $14.3m against liabilities of $8.2m, net assets of $6.0m. It reported 16 employees.