City of Good

Analysis

City of Good is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in May 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, City of Good reported income of $424k and spending of $387k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $308k to $424k (+38%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Good sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within ID. Charities of a similar size with the same main cause include Millvale Borough Development Corporation ($424k), Health Equity Partnership of North Central Mass ($425k) and Clarksville Ruritans Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $107k (28% of expenses). Other salaries and wages came to $64k. At year end it held assets of $84k against liabilities of $1,066, net assets of $83k. It reported 20 employees.