City Fund

Analysis

City Fund is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in September 2018, 8 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 June 2023, City Fund reported income of $55.4m and spending of $55.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $79.0m to $55.4m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, City Fund sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include The Grateful Lives Foundation ($55.3m), Tigers Unlimited Foundation ($56.1m) and Community Foundation for Greater New Haven ($55.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $1.2m (2.2% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $108.7m against liabilities of $17.7m, net assets of $91.0m.