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Fund for the City of New York
Fund for the City of New York reported $77.3 million in revenue and $67.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $97.56 went to program services, $1.75 to management and general costs and $0.69 to fundraising. Its largest source of revenue was contributions and grants: 67.5% of the total. Government grants made up 14.0%. The highest compensation it reported for one person was $500,595 (BOARD MEMBER/PRESIDENT). 174 people received more than $100,000 in reportable compensation. Revenue fell 32% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $67MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $77MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.6% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.7% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 67.5% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 14.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 27.5% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $500,595 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 174 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 6 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCore program created to respond to nonprofit challenges and opportunities facing nonprofit and public agencies that do not have immediate solutions; cash flow loan which annually provides loans to nonprofit organizations; sloan public service awards program which annually honors six unsung heros of New York City government and sloan awards program for excellence in teaching service and mathematics which honors seven teachers each year from nyc high schools. Center for youth and the future of work. In partnership with New York university (nyu), the fund's center for youth and the future of…
The fund conducts its charitable activities, in part, through its partner project program, under which approved charitable programs operate as projects of the fund and are subject to the fund's oversight, financial controls, human resources policies, and organizational structure and policies. The fund's partner project programs focus on a variety of charitable activities, such as community services, supporting parks, education, and other charitable programs
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BOARD MEMBER/PRESIDENT Director/trustee, officer, 30.00 hrs/week | $393,291 | $0 | $107,304 | $500,595 |
| CHIEF FINANCIAL OFFICER Key employee, 35.00 hrs/week | $329,986 | $0 | $99,012 | $428,998 |
| EXECUTIVE VICE PRESIDENT Officer, 30.00 hrs/week | $288,263 | $0 | $75,487 | $363,750 |
| EXECUTIVE DIRECTOR Key employee, 35.00 hrs/week | $221,595 | $0 | $101,141 | $322,736 |
| EXECUTIVE DIRECTOR Key employee, 35.00 hrs/week | $225,490 | $0 | $97,230 | $322,720 |
| DIRECTOR Highest compensated employee, 35.00 hrs/week | $219,990 | $0 | $99,194 | $319,184 |
| EXECUTIVE DIRECTOR Key employee, 35.00 hrs/week | $259,989 | $0 | $49,140 | $309,129 |
| EXECUTIVE DIRECTOR Key employee, 35.00 hrs/week | $247,224 | $0 | $58,188 | $305,412 |
174 people received more than $100,000 in reportable compensation from Fund for the City of New York (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5708
- Volunteers Part I, line 66,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| DIGITAL PROMISE GLOBAL Program service | $350,000 |
| NEW LAB LLC Program service | $350,000 |
| DEBORAH BUYER LAW PLLC Legal services | $252,163 |
| PATTERSON BELKNAP WEBB & TYLER LLP Legal services | $234,787 |
| BSCS SCIENCE LEARNING Program service | $230,710 |
Individuals listed as contractors are left out. 25 contractors were paid more than $100,000 in all.
Private foundation grants it received
82 private foundations reported grants to Fund for the City of New York totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Fund for the City of New York's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fund for the City of New York, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fund for the City of New York spent in FY2025, $97.56 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Jewish Federation of Greater PhiladelphiaPhiladelphia, PA · revenue $77M · programs 81.6% · FY2025
- McCamish Legacy FoundationAlpharetta, GA · revenue $77M · programs 100.0% · 2024
- Skoll FundMountain View, CA · revenue $75M · programs 94.3% · 2024
- Austin Community FoundationAustin, TX · revenue $79M · programs 98.3% · 2024
- Community Foundation of Jackson HoleJackson, WY · revenue $75M · programs 95.3% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in New York
Questions people ask
How much of Fund for the City of New York's spending goes to programs?
In the fiscal year ending September 30, 2025, Fund for the City of New York reported that 97.6% of its $67.4 million in expenses went to program services, 1.7% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Fund for the City of New York pay its top executive?
The largest total compensation Fund for the City of New York reported for one person in the fiscal year ending September 30, 2025 was $500,595, for the role of BOARD MEMBER/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fund for the City of New York get its money?
Of $77.3 million in revenue in the fiscal year ending September 30, 2025, 67.5% came from contributions and grants (including 14.0% from government grants) and 27.5% from program service revenue (Form 990, Part VIII).
Is Fund for the City of New York a registered charity?
The IRS lists EIN 13-2612524 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622279349300912 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532239349301848 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202431799349300308 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342279349303119 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202202229349301690 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112249349302391 · read the filing
All filings for EIN 13-2612524: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.