Civic NYC Fund Inc

Analysis

Civic NYC Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 NYC Fund Inc reported income of $1.1m and spending of $696k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $1.1m (+138%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 313%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Civic NYC Fund Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Omega Life Membership Foundation Inc ($1.1m), Can Do Community Foundation ($1.1m) and Friends of Anacostia Park ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 44% of the total. At year end it held assets of $92.4m against liabilities of $86.8m, net assets of $5.6m.