Cityside Journalism Initiative

Analysis

Cityside Journalism Initiative is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cityside Journalism Initiative reported income of $3.8m and spending of $4.2m, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.6m to $3.8m (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cityside Journalism Initiative sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include State Theatre Center for the Arts Inc ($3.8m), The John G Shedd Institute for the Arts ($3.8m) and Foundation of Palm Springs Unified School District ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $962k (23% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.2m against liabilities of $256k, net assets of $910k. It reported 31 employees.