The Citycraft Foundation

Analysis

The Citycraft Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 June 2023, The Citycraft Foundation reported income of $70k and spending of $72k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $105k to $70k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Citycraft Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 34th percentile within SC. Charities of a similar size with the same main cause include Boundless Community Pathways Inc ($70k), Santa Cruz Baroque Festival ($70k) and Madison Jefferson Firefighters Association Inc ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. At year end it held assets of $604 against liabilities of $0, net assets of $604.