Citi Foundation
Citi Foundation consistently directs 100% of reported officer compensation to programs, maintaining strong assets.
EIN: 133781879 · New York, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $80.2M |
| Total Expenses | $57.1M |
| Program Spending | 95% |
| Net Assets | $82.5M |
| Transparency Score | 95/100 |
Is Citi Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Citi Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Citi Foundation
Citi Foundation (EIN: 133781879) is a nonprofit organization based in New York, NY, classified under NTEE code T21. The organization reported total revenue of $80.2M and total assets of $101.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Citi Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Citi Foundation is a major nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84.2M |
| Total Expenses | $57.1M |
| Surplus / Deficit | +$27.1M |
| Total Assets | $88.2M |
| Total Liabilities | $5.8M |
| Net Assets | $82.5M |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Citi Foundation reported a surplus of $27.1M with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Citi Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | -47.1% | -2.2% |
| 2022 | -34.1% | -4.3% | -11.6% |
| 2021 | -0.2% | +10.7% | +31.2% |
| 2020 | +62.1% | +84.7% | +48.1% |
| 2019 | -0.9% | -25.2% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Citi Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Citi Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests that administrative functions are either volunteer-based, covered by Citi, or very minimal, allowing all funds to be directed to grants.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Citi Foundation:
- Consistent 0% officer compensation, indicating high program focus.
- Strong asset base ($101,466,350 latest assets) providing financial stability.
- Low liabilities relative to assets (e.g., $5,751,965 liabilities vs. $88,205,234 assets in 2023).
- Extensive and consistent IRS 990 filing history (10 filings), demonstrating transparency.
- Significant revenue generation, with latest revenue at $80,163,260, supporting substantial grant-making.
Frequently Asked Questions about Citi Foundation
Is Citi Foundation a legitimate charity?
Citi Foundation (EIN: 133781879) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $80.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Citi Foundation spend its money?
Citi Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Citi Foundation tax-deductible?
Citi Foundation is registered as a tax-exempt nonprofit (EIN: 133781879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Citi Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Citi Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Citi Foundation located?
Citi Foundation is headquartered in New York, New York and files with the IRS under EIN 133781879. It is classified under NTEE code T21.
How many years of IRS 990 filings does Citi Foundation have?
Citi Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $80.2M in total revenue.
Is Citi Foundation a good charity?
Based on the provided data, Citi Foundation appears to be a highly effective and transparent grant-making organization. The consistent 0% officer compensation is a significant positive indicator, suggesting that funds are almost entirely directed towards its mission.
How does Citi Foundation manage its administrative costs?
The 0% officer compensation reported across all filings strongly suggests that administrative costs, particularly executive salaries, are either absorbed by Citi Group, handled by volunteers, or are extremely low, allowing for maximum program spending.
What is the trend in Citi Foundation's revenue and expenses?
Revenue has fluctuated, with a high of $125,400,371 in 2020 and a low of $76,448,938 in 2012. Expenses have also varied, sometimes exceeding revenue (e.g., $107,950,333 expenses vs. $82,465,976 revenue in 2022), indicating strategic use of accumulated assets or prior year surpluses.
Filing History
IRS 990 filing history for Citi Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Citi Foundation's revenue has grown by 7.9%, moving from $78.1M to $84.2M. Total assets increased by 40.5% over the same period, from $62.8M to $88.2M. Total functional expenses fell by 24.8%, from $76.0M to $57.1M. In its most recent filing year (2023), Citi Foundation reported a surplus of $27.1M, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $88.2M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $82.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84.2M | $57.1M | $88.2M | $5.8M | — | — |
| 2022 | $82.5M | $108.0M | $90.2M | $34.9M | — | View 990 |
| 2021 | $125.2M | $112.9M | $102.0M | $21.2M | — | View 990 |
| 2020 | $125.4M | $102.0M | $77.7M | $9.3M | — | View 990 |
| 2019 | $77.4M | $55.2M | $52.5M | $7.5M | — | View 990 |
| 2015 | $78.1M | $73.8M | $50.6M | $9.2M | — | View 990 |
| 2014 | $78.0M | $79.0M | $50.6M | $13.5M | — | View 990 |
| 2013 | $78.0M | $79.7M | $50.2M | $12.0M | — | View 990 |
| 2012 | $76.4M | $89.1M | $50.3M | $10.5M | — | View 990 |
| 2011 | $78.1M | $76.0M | $62.8M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84.2M, expenses of $57.1M, and assets of $88.2M (revenue +2.1% year-over-year).
- 2022: Revenue of $82.5M, expenses of $108.0M, and assets of $90.2M (revenue -34.1% year-over-year).
- 2021: Revenue of $125.2M, expenses of $112.9M, and assets of $102.0M (revenue -0.2% year-over-year).
- 2020: Revenue of $125.4M, expenses of $102.0M, and assets of $77.7M (revenue +62.1% year-over-year).
- 2019: Revenue of $77.4M, expenses of $55.2M, and assets of $52.5M (revenue -0.9% year-over-year).
- 2015: Revenue of $78.1M, expenses of $73.8M, and assets of $50.6M (revenue +0.1% year-over-year).
- 2014: Revenue of $78.0M, expenses of $79.0M, and assets of $50.6M (revenue +-0.0% year-over-year).
- 2013: Revenue of $78.0M, expenses of $79.7M, and assets of $50.2M (revenue +2.1% year-over-year).
- 2012: Revenue of $76.4M, expenses of $89.1M, and assets of $50.3M (revenue -2.1% year-over-year).
- 2011: Revenue of $78.1M, expenses of $76.0M, and assets of $62.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Citi Foundation:
Data Sources and Methodology
This transparency report for Citi Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.