Citylit Project Inc
Citylit Project Inc shows consistent revenue growth and no reported officer compensation, indicating strong financial stability.
EIN: 200639118 · Baltimore, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $150K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $191,187 |
| Transparency Score | 85/100 |
Is Citylit Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Citylit Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Citylit Project Inc
Citylit Project Inc (EIN: 200639118) is a nonprofit organization based in Baltimore, MD. The organization reported total revenue of $191K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Citylit Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Citylit Project Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $150K |
| Surplus / Deficit | +$21K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 12.2% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Citylit Project Inc reported a surplus of $21K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2010–2023), Citylit Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +11.2% | -100.0% |
| 2022 | +27.5% | +17.9% | +41.7% |
| 2021 | +16.0% | -5.5% | +28.8% |
| 2020 | -21.2% | +7.3% | -9.1% |
| 2019 | +114.4% | +111.3% | +85.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Citylit Project Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Citylit Project Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $21K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly efficient for an organization of its size (latest revenue $191,187).
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 Citylit Project Inc's IRS 990 filings:
- Sudden drop to $0 assets and liabilities in 2023 filing without explanation, after consistent asset growth.
Strengths
The following positive indicators were identified for Citylit Project Inc:
- Consistent revenue growth over the past several years, from $41,401 in 2016 to $171,088 in 2023.
- No reported officer compensation, indicating high efficiency in directing funds to mission.
- Generally positive net income (revenue exceeding expenses) in most recent years, such as $20,947 in 2023 and $34,716 in 2022.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Frequently Asked Questions about Citylit Project Inc
Is Citylit Project Inc a legitimate charity?
Citylit Project Inc (EIN: 200639118) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $191K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Citylit Project Inc spend its money?
Citylit Project Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Citylit Project Inc tax-deductible?
Citylit Project Inc is registered as a tax-exempt nonprofit (EIN: 200639118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Citylit Project Inc CEO make?
Citylit Project Inc's highest-compensated officer earns $191,187 annually. The organization reported $191K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Citylit Project Inc's spending goes to programs?
Citylit Project Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Citylit Project Inc located?
Citylit Project Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 200639118.
How many years of IRS 990 filings does Citylit Project Inc have?
Citylit Project Inc has 12 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 $191K in total revenue.
Why are assets reported as $0 in the 2023 filing after consistent growth in previous years?
The 2023 filing shows $0 for both assets and liabilities, which is a significant change from $117,872 in assets in 2022. This could be due to a simplified filing, a change in accounting methods, or a specific financial event not detailed in the provided data.
How does Citylit Project Inc manage to operate without reporting any officer compensation?
The consistent absence of reported officer compensation across all filings suggests that the organization is either entirely volunteer-run at the executive level or that any compensation paid to officers is below the IRS reporting thresholds for Form 990, which is unusual for an organization with revenues approaching $200,000.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a more precise assessment of spending efficiency.
Filing History
IRS 990 filing history for Citylit Project Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Citylit Project Inc's revenue has grown by 134.4%, moving from $73K to $171K. Total assets decreased by 100% over the same period, from $52K to $0. Total functional expenses rose by 215.5%, from $48K to $150K. In its most recent filing year (2023), Citylit Project Inc reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $150K | $0 | $0 | — | View 990 |
| 2022 | $170K | $135K | $118K | $0 | — | View 990 |
| 2021 | $133K | $115K | $83K | $0 | — | View 990 |
| 2020 | $115K | $121K | $65K | $0 | — | View 990 |
| 2019 | $146K | $113K | $71K | $0 | — | View 990 |
| 2018 | $68K | $53K | $38K | $0 | — | — |
| 2017 | $67K | $80K | $24K | $0 | — | View 990 |
| 2016 | $41K | $29K | $37K | $0 | — | View 990 |
| 2014 | $31K | $35K | $25K | $0 | — | View 990 |
| 2013 | $45K | $61K | $29K | $0 | — | View 990 |
| 2012 | $52K | $56K | $45K | $0 | — | View 990 |
| 2010 | $73K | $48K | $52K | $336 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $150K, and assets of $0 (revenue +0.8% year-over-year).
- 2022: Revenue of $170K, expenses of $135K, and assets of $118K (revenue +27.5% year-over-year).
- 2021: Revenue of $133K, expenses of $115K, and assets of $83K (revenue +16.0% year-over-year).
- 2020: Revenue of $115K, expenses of $121K, and assets of $65K (revenue -21.2% year-over-year).
- 2019: Revenue of $146K, expenses of $113K, and assets of $71K (revenue +114.4% year-over-year).
- 2018: Revenue of $68K, expenses of $53K, and assets of $38K (revenue +2.0% year-over-year).
- 2017: Revenue of $67K, expenses of $80K, and assets of $24K (revenue +61.0% year-over-year).
- 2016: Revenue of $41K, expenses of $29K, and assets of $37K (revenue +34.2% year-over-year).
- 2014: Revenue of $31K, expenses of $35K, and assets of $25K (revenue -31.4% year-over-year).
- 2013: Revenue of $45K, expenses of $61K, and assets of $29K (revenue -14.0% year-over-year).
- 2012: Revenue of $52K, expenses of $56K, and assets of $45K (revenue -28.4% year-over-year).
- 2010: Revenue of $73K, expenses of $48K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Citylit Project Inc:
Data Sources and Methodology
This transparency report for Citylit Project Inc 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.