City Advance

Analysis

City Advance is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, City Advance reported income of $139k and spending of $194k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $159k to $139k (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Advance 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 45th percentile, and in the 45th percentile within OR. Charities of a similar size with the same main cause include Alabama Federal Tax Clinic Inc ($139k), Greenville Sheriffs Foundation ($139k) and Sarc Housing Needs Board Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (19% of expenses). Other salaries and wages came to $55k. At year end it held assets of $4,873 against liabilities of $1,920, net assets of $2,953. It reported 3 employees.