Cityswing Foundation Inc

Analysis

Cityswing Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Cityswing Foundation Inc reported income of $155k and spending of $361k, spending 233% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $419k to $155k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cityswing Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 26th percentile within DC. Charities of a similar size with the same main cause include Mountain State Apple Harvest Festival Inc ($155k), Rochester Edge Girls Hockey Inc ($155k) and Eugene Baseball Challengers Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $100k (28% of expenses). Other salaries and wages came to $49k. At year end it held assets of $230k against liabilities of $0, net assets of $230k. It reported 5 employees.