City First Enterprises Inc

Analysis

City First Enterprises Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Enterprises Inc reported income of $21.5m and spending of $20.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $21.5m (+2922%), an average of +134% a year. The sharpest change came in the year to December 2020, when income rose by 1766%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, City First Enterprises Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Lighthouse Works Inc ($21.5m), Criterion Child Enrichment Inc ($21.5m) and Union Gospel Mission Association of St Paul ($21.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $68.1m against liabilities of $41.0m, net assets of $27.1m. It reported 24 employees.