City College Fund
City College Fund maintains substantial assets despite fluctuating revenues and occasional operating deficits, with no reported officer compensation.
EIN: 131760098 · New York, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $5.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $80 |
| Net Assets | $78.3M |
| Transparency Score | 85/100 |
Is City College Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City College Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City College Fund
City College Fund (EIN: 131760098) is a nonprofit organization based in New York, NY, classified under NTEE code B99. The organization reported total revenue of $8.7M and total assets of $79.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City College Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City College Fund is a mid-size nonprofit that has been operating for 78 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-2,194,454 |
| Total Assets | $79.2M |
| Total Liabilities | $824K |
| Net Assets | $78.3M |
| Operating Margin | -58.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 160.0 months |
Financial Health Grade: B
In 2020, City College Fund reported a deficit of $2.2M with expenses exceeding revenue, holds 160.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2020), City College Fund's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -63.0% | -13.3% | -0.3% |
| 2019 | +24.6% | -17.6% | +0.5% |
| 2018 | -31.3% | -0.3% | +1.7% |
| 2017 | +24.9% | -3.8% | +10.9% |
| 2016 | -4.3% | +3.7% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1948 |
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 City College Fund with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, City College Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with assets nearing $80 million.
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.
Red Flags
The following concerns were identified during AI analysis of City College Fund's IRS 990 filings:
- Significant revenue volatility, with a sharp drop in 202006 to $3,741,518 from $10,113,408 in 201906.
- Operating deficits in multiple periods (e.g., 202006 with expenses of $5,935,972 exceeding revenue of $3,741,518, and 201806 with expenses of $8,301,657 exceeding revenue of $8,116,747).
Strengths
The following positive indicators were identified for City College Fund:
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Substantial and growing asset base, increasing from $56,773,294 in 201206 to $79,154,502 in 202006, indicating long-term financial stability.
- Low liabilities relative to assets, with liabilities of $824,290 in 202006 compared to assets of $79,154,502.
- Consistent filing history of IRS Form 990s over nine periods, demonstrating transparency.
Frequently Asked Questions about City College Fund
Is City College Fund a legitimate charity?
City College Fund (EIN: 131760098) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $8.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does City College Fund spend its money?
City College Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to City College Fund tax-deductible?
City College Fund is registered as a tax-exempt nonprofit (EIN: 131760098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the City College Fund CEO make?
City College Fund's highest-compensated officer earns $80 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of City College Fund's spending goes to programs?
City College Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does City College Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), City College Fund is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is City College Fund located?
City College Fund is headquartered in New York, New York and files with the IRS under EIN 131760098. It is classified under NTEE code B99.
How many years of IRS 990 filings does City College Fund have?
City College Fund has 9 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 $8.7M in total revenue.
How does City College Fund manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with assets of $79,154,502 and annual revenues often exceeding $8 million. This could imply that executive functions are performed by volunteers, compensated through a related entity, or that the compensation is structured in a way not captured under 'officer compensation' on the 990, such as through a management fee to an affiliated organization. Further investigation into the detailed 990 forms would be necessary to understand this structure.
What caused the significant drop in revenue in 202006 to $3,741,518?
The revenue drop in 202006 to $3,741,518 from $10,113,408 in 201906 is substantial. This could be attributed to various factors, including economic impacts of the COVID-19 pandemic on fundraising, a decrease in large donations, or changes in investment income. A detailed review of the 202006 Form 990 would provide specific reasons for this decline.
Is the organization's asset growth sustainable given revenue fluctuations?
The organization has shown consistent asset growth, from $56,773,294 in 201206 to $79,154,502 in 202006, despite revenue fluctuations and occasional operating deficits. This suggests strong investment management or significant non-operating revenue sources. While revenue fluctuations can impact short-term operations, the long-term asset growth indicates a robust financial strategy.
Filing History
IRS 990 filing history for City College Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), City College Fund's revenue has declined by 62.7%, moving from $10.0M to $3.7M. Total assets increased by 39.4% over the same period, from $56.8M to $79.2M. Total functional expenses rose by 4.1%, from $5.7M to $5.9M. In its most recent filing year (2020), City College Fund reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $824K in liabilities against $79.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $78.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $3.7M | $5.9M | $79.2M | $824K | — | — |
| 2019 | $10.1M | $6.8M | $79.4M | $356K | — | View 990 |
| 2018 | $8.1M | $8.3M | $79.0M | $846K | — | View 990 |
| 2017 | $11.8M | $8.3M | $77.7M | $508K | — | — |
| 2016 | $9.5M | $8.7M | $70.0M | $589K | — | View 990 |
| 2015 | $9.9M | $8.3M | $70.4M | $776K | — | View 990 |
| 2014 | $9.5M | $7.0M | $70.2M | $848K | — | View 990 |
| 2013 | $9.3M | $5.9M | $62.5M | $1.1M | — | View 990 |
| 2012 | $10.0M | $5.7M | $56.8M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $3.7M, expenses of $5.9M, and assets of $79.2M (revenue -63.0% year-over-year).
- 2019: Revenue of $10.1M, expenses of $6.8M, and assets of $79.4M (revenue +24.6% year-over-year).
- 2018: Revenue of $8.1M, expenses of $8.3M, and assets of $79.0M (revenue -31.3% year-over-year).
- 2017: Revenue of $11.8M, expenses of $8.3M, and assets of $77.7M (revenue +24.9% year-over-year).
- 2016: Revenue of $9.5M, expenses of $8.7M, and assets of $70.0M (revenue -4.3% year-over-year).
- 2015: Revenue of $9.9M, expenses of $8.3M, and assets of $70.4M (revenue +4.1% year-over-year).
- 2014: Revenue of $9.5M, expenses of $7.0M, and assets of $70.2M (revenue +2.1% year-over-year).
- 2013: Revenue of $9.3M, expenses of $5.9M, and assets of $62.5M (revenue -7.3% year-over-year).
- 2012: Revenue of $10.0M, expenses of $5.7M, and assets of $56.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City College Fund:
Data Sources and Methodology
This transparency report for City College Fund 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.