Foundation For City College
EIN: 843867573 · New York, NY · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $92.2M |
| Total Expenses | $33.7M |
| Net Assets | $356.9M |
Is Foundation For City College Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation For City College
Foundation For City College (EIN: 843867573) is a nonprofit organization based in New York, NY, classified under NTEE code B90. The organization reported total revenue of $92.2M and total assets of $405.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For City College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For City College is a major nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -72.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.9M |
| Total Expenses | $33.7M |
| Surplus / Deficit | $-5,758,398 |
| Total Assets | $359.2M |
| Total Liabilities | $2.3M |
| Net Assets | $356.9M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 128.0 months |
Financial Health Grade: B
In 2023, Foundation For City College reported a deficit of $5.8M with expenses exceeding revenue, holds 128.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Foundation For City College's revenue has declined at a compound annual growth rate (CAGR) of -72.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -72.8% | +17.7% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For City College has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For City College with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Foundation For City College
Is Foundation For City College a legitimate charity?
Foundation For City College (EIN: 843867573) is a registered tax-exempt nonprofit based in New York. It has 2 years of IRS 990 filings on record. Total revenue: $92.2M. No red flags identified. Financial health grade: B.
How does Foundation For City College spend its money?
Foundation For City College reported $92.2M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foundation For City College tax-deductible?
Foundation For City College is registered as a tax-exempt nonprofit (EIN: 843867573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For City College located?
Foundation For City College is headquartered in New York, New York and files with the IRS under EIN 843867573. It is classified under NTEE code B90.
How many years of IRS 990 filings does Foundation For City College have?
Foundation For City College has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $92.2M in total revenue.
Filing History
IRS 990 filing history for Foundation For City College showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Foundation For City College's revenue has declined by 72.8%, moving from $102.7M to $27.9M. Total assets increased by 8% over the same period, from $332.5M to $359.2M. Total functional expenses rose by 17.7%, from $28.6M to $33.7M. In its most recent filing year (2023), Foundation For City College reported a deficit of $5.8M, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $359.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $356.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.9M | $33.7M | $359.2M | $2.3M | — | View 990 |
| 2022 | $102.7M | $28.6M | $332.5M | $1.9M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For City College:
Data Sources and Methodology
This transparency report for Foundation For City College 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.