Cityway Community Economic Development Corporation

Analysis

Cityway Community Economic Development Corporation is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cityway Community Economic Development Corporation reported income of $2.0m and spending of $1.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $2.0m (+5355%), an average of +172% a year. The sharpest change came in the year to December 2020, when income rose by 1420%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cityway Community Economic Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include City Fabrick ($2.0m), Common Capital Inc ($2.0m) and New Workforce Directions Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $290k against liabilities of $141k, net assets of $149k.