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City Fund reported $58.8 million in revenue and $127.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.74 went to program services, $4.67 to management and general costs and $0.59 to fundraising. Its largest source of revenue was contributions and grants: 94.8% of the total. The highest compensation it reported for one person was $632,075 (CEO). 28 people received more than $100,000 in reportable compensation. Revenue fell 50% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $127MFor 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 June 30, 2025 · Form 990, Part VIII · total revenue $59MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.7% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 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 | 94.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $632,075 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.50% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 28 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.0 | 56.6 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 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 expenseToday, our educational system works well for far too few children in the united states. This failure not only deprives millions of children of a legitimate pathway to pursue gainful employment and a purpose-filled life, but it is also a threat to the wellbeing of our nation.to address these systemic challenges, City Fund invests in and supports city-based nonprofit organizations dedicated to increasing the number of high-quality public schools in their cities and otherwise improving outcomes for all children. City Fund supports nonprofits that share its mission in three core ways: advising…
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 |
|---|---|---|---|---|
| CEO Officer, 36.00 hrs/week | $494,290 | $54,921 | $82,864 | $632,075 |
| PRESIDENT Officer, 37.00 hrs/week | $460,420 | $34,655 | $72,298 | $567,373 |
| PARTNER Highest compensated employee, 37.00 hrs/week | $413,801 | $31,146 | $97,927 | $542,874 |
| PARTNER Highest compensated employee, 38.00 hrs/week | $408,889 | $21,520 | $88,952 | $519,361 |
| CFO Officer, 32.00 hrs/week | $343,965 | $85,991 | $74,132 | $504,088 |
| PARTNER Highest compensated employee, 39.00 hrs/week | $417,450 | $12,911 | $72,120 | $502,481 |
| PARTNER Highest compensated employee, 39.00 hrs/week | $417,497 | $12,912 | $54,440 | $484,849 |
| PARTNER Highest compensated employee, 39.00 hrs/week | $417,613 | $12,916 | $54,184 | $484,713 |
28 people received more than $100,000 in reportable compensation from City Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
5 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–1b4 · 4 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 15aNo
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 64
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KITAMBA MGT LLC Consulting | $949,544 |
| CEDAR HILL CONSULTING LLC Consulting | $495,000 |
| THE 74 MEDIA INC Consulting | $300,000 |
| MURMURATION INC Consulting | $300,000 |
| EXPONENT EDUCATION Consulting | $295,900 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to City Fund totaling $49M 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 City Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for City Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 City Fund spent in FY2025, $94.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Philanthropic Ventures FoundationOakland, CA · revenue $59M · programs 92.2% · 2024
- Siemer Family FoundationColumbus, OH · revenue $60M · programs 98.3% · 2024
- Delaware Community FoundationWilmington, DE · revenue $58M · programs 82.9% · FY2025
- Herzog Foundation Resource ManagementSmithville, MO · revenue $60M · programs 93.3% · 2024
- St Croix Valley FoundationHudson, WI · revenue $58M · programs 98.0% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in Oregon
Questions people ask
How much of City Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, City Fund reported that 94.7% of its $127.3 million in expenses went to program services, 4.7% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does City Fund pay its top executive?
The largest total compensation City Fund reported for one person in the fiscal year ending June 30, 2025 was $632,075, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does City Fund get its money?
Of $58.8 million in revenue in the fiscal year ending June 30, 2025, 94.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is City Fund a registered charity?
The IRS lists EIN 82-4938743 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 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 June 30, 2025, object 202610899349300881 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202530949349300438 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430929349300628 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331089349301138 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201319349303165 · read the filing
All filings for EIN 82-4938743: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.