Citylab Foundation

Analysis

Citylab Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Citylab Foundation reported income of $123k and spending of $90k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $257k to $123k (-52%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citylab Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Shade Tree Academy ($123k), Redbud Elementary Parent Teacher Organization ($123k) and William E Dearden Alumni Campus Inc ($123k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.